Michael Fitzpatrick Quotes

Apparently, the market thinks that OPEC is set to simply roll over the existing production quota in the upcoming meeting. Even so, there will probably be provocative comments from both Iran and Venezuela.

- Michael Fitzpatrick

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Apparently | Market | Thinks | Opec | Simply |

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Crude inventories are at extraordinarily high levels, due in part to a steady flow of imports in recent months, giving the market a thick buffer against potential supply disruptions. - Michael Fitzpatrick

There has only been a month's reprieve granted in addressing Iran's nuclear ambitions. - Michael Fitzpatrick

I'm expecting builds across the board. Imports should continue to arrive at a high rate, which will raise crude stocks, and refineries continue to return, which should do the same for the products. - Michael Fitzpatrick