Famous Quotes & Sayings

It's possible, but that kind of reduction doesn't protect us from supply disruption. If we don't import oil from Iran, if they removed themselves from the market, it would increase crude prices regardless of where we're getting our oil.

The nice thing about Nigeria crude is its high-quality crude.

It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.

It's the same reasons as in the past. The price of crude oil is up significantly and there is a high demand (for gasoline), not only in the U.S., but around the world.

Scott Smith

Economic trends favor the occurrence of write-downs at other companies. Crude oil prices have been cut in half and product inventories (remain at record levels). The thing that I think is more telling is that (these companies) are taking write-downs now in anticipation that crude prices will be low for the next few years.

Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.

Not a drop of crude oil production has come back in the Gulf. It's going to take weeks and maybe months rather than days to get the industry back on its feet.

It's very simple. The energy market was up real strongly. That's part of it, as people consistently make the link between crude oil prices, inflation and gold.

The good news is that with the 30 million-barrel sale of SPR oil, I don't think we will have much of a deficit in crude oil production.

We used quite crude tools earlier, but now they have to be more sensitive. There will be no micromanaging of the economy.

We've now known for 31 years since the first oil embargo that Hawaii's precarious position as the state most dependent and exposed to foreign crude oil is unacceptable.

Unfortunately, a stronger economy may also signal that energy demand will increase, driving up the price of crude oil and gasoline.

There is plenty of crude oil around, which makes geopolitical problems a lot less pressing.

Gary Ross

There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.

The particular type of oil being lost, light sweet, is much in demand. So we're actually seeing a real impact from the loss of that crude. Having said that, there is actually plenty of crude around. But a lot of it is heavy and sour.

This reduces fears about an Iranian crude supply cut and the market is just reacting to that.

To China, it is so important to secure its crude supply.

To a large degree, it's a result of the oil market. Crude oil is approaching all-time highs here. That should support natural gas.

This supports our view that crude prices will soften as we move through the summer months.

Why should people hold crude in tank farms if they think the price is going to come down?

Vagit Alekperov

I am mainly speaking about oil refineries. It allows us to switch from retail sales of crude oil to working with our end-users.

If crude prices are near their trough, earnings should start to flatten out and move up.

If crude oil remains high, sugar prices will not be far behind.

Heating oil supply and demand couldn't look more bearish and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.

Heating oil supply and demand couldn't look more bearish ... and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.

Heating oil prices will be influenced by the weather but its price will mainly be lower this winter because of the overproduction of crude oil.

A drop in oil prices removes one of the few big negatives in regard to markets. It definitely helps sentiment seeing lower crude prices.

Declines in currency and crude oil prices spurred the rebound today. They are risk factors for exporters all the time.

Developing renewable energy is of greater importance given the price of crude oil on the international market has doubled since last year,

Samuel Bodman

The SPR was put in place specifically for this kind of an event, ... We now have, in some instances, problems with getting crude to some refineries.

As long as crude oil is still up in the high $50s, gasoline at the retail pump can't come down too much,

That should be a negative for crude prices -- excess supply with nothing to do with it.

Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.