Rakesh Shankar
Rakesh Shankar
beginning following last late recovering relatively since swift
After a relatively swift recovering following the devastating hurricanes late last year, refinery utilization moderated sharply since the beginning of this year, and is yet to meaningfully recover.
above along boost crude demand despite expected freak gas heat helped led natural near oil prices record spike stay texas warmer wave
The possibility of a warmer than expected summer, along with a spike in crude oil prices and a freak heat wave in Texas that led to a surge in demand for natural gas all helped boost natural gas futures prices to well above $8 this week. Prices look to stay there in the near term, despite the record inventories.
average colder fears few market next return weather
There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
bring capacity driving force gasoline higher increased prices reliance risk summer time unable
There is a real risk that U.S. refineries will be unable to sufficiently bring back capacity in time for the summer driving season. This will force increased reliance on gasoline imports, and higher prices for consumers.
aggressive march recovery remains
Refinery utilization still remains very weak, with refineries still lagging in their recovery from an aggressive March maintenance schedule.
continue downward energy near pressure prices products stocks supply
The ample supply of stocks for all energy products should continue to place downward pressure on prices in the near term.
both crude driving ease gasoline peak pieces prices season sets summer total
At this pace, all the pieces are in place for both total crude and gasoline prices to ease before the peak summer driving season sets in, as we expect.
crude despite remain unexpected
Crude inventories remain sturdy, despite today's unexpected drop.
aftermath barely cold ensure few gains gas last left man natural near price recent record remain report seems snap weeks winter
The recent cold snap seems more like a last hurrah for Old Man Winter, and with barely a few weeks left in the winter season, inventories for natural gas remain in near record territory. This will ensure that any price gains for natural gas in the aftermath of today's report will be limited.
broader energy fears few help lower market next prices product temper
Sturdy product inventories should help to temper market fears of energy shortages, and should help cajole broader energy prices lower in the next few weeks.
despite gasoline million moderation rose
Despite the moderation in refinery utilization...last week, gasoline inventories rose a whopping 4.3 million barrels.
despite gasoline last million moderation rose
Despite the moderation in refinery utilization ... last week, gasoline inventories rose a whopping 4.3 million barrels.
almost despite gasoline last million moderation rose
Despite the moderation in refinery utilization by almost 1.2% last week, gasoline inventories rose a whopping 4.3 million barrels.
demand starting supply traders worry
Traders are now starting to worry more about demand destruction than about supply disruptions.