Rakesh Shankar Quotes

The draw down in crude inventories came at a time when refinery utilization remained low due to scheduled maintenance shutdowns.

- Rakesh Shankar

Tags

Draw | Crude | Inventories | Time | Refinery |

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We are entering spring with near-record levels of inventory. A recent cold spell notwithstanding, few people now care about surprises in this release, seeing as how total inventories are nearly 70% above average. - Rakesh Shankar

Since these data are preliminary, it is quite possible that the [Energy Information Administration] data will also show gasoline demand fell in March and April when the revised monthly data are released. - Rakesh Shankar