Roger Diwan Quotes

The crunch is on refineries. The global market right now is driven by the product market in the United States, which is why the situation is pretty bad.

- Roger Diwan

Tags

Crunch | Refineries | Global | Market | Driven |

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You have all the elements to push the price up: high demand, tight supplies, tight refining capacity, interruptions in supplies, geopolitical tensions, Iran, Nigeria, etc.. The upside is bigger than the downside, so the money is piling in. - Roger Diwan

OPEC is an anachronism today. This is not a market where suppliers have to manage any spare capacity. They cannot manage the short-term risk, which is going to be on the upside. What we're seeing here is a demand shock, but everybody is looking to OPEC as if it were a supply shock. - Roger Diwan

Iran is going to make a political point. - Roger Diwan