Refiners Quotes

There's plenty of supply. Crude oil supplies are above 320 million barrels, which is ample to meet demand from refiners. - Kyle Cooper

The refiners are being squeezed. Crude oil prices are increasing so rapidly, it's hard for the Chinese government to keep up. - Philip Niem

The real story with this bill is that you had a tragedy occur that disrupted refiners and laid bare that the U.S. is dependent on this consolidated industry and, in a couple weeks, the industry was able to get a bill in the House and get the Congress to actually vote for it. - Chris Cooper

The oil companies themselves aren't interested in building new refineries and will tend to denigrate the chances of any new investors actually succeeding in their business. They'll say, 'What does Richard Branson know about oil refineries?' He doesn't have to know about that part of the business, but he can easily see that oil refiners are making a margin far superior to what he's making in the airline business. - Tim Evans

The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving refiners a little breathing room to boost supply ahead of winter. - David Thurtell

The market thought that, with extremely warm temperatures in the Northeast and refiners pumping near capacity, heating oil supplies would go through the roof. Now we're left wondering what would happen if [it] really set in, if it actually got cold. - Phil Flynn

The market has been bullish on distillates, and refiners are maxing out distillate production to get in on this. - Phil Flynn

The increased prices that people are having to pay is attributable to the increased costs of the price of crude oil and the five to six cents (a gallon) that we said is going to be the cost to refiners to go ahead and blend this new blend. - Red Cavaney

The current weakness in the front month gasoline crack spreads is unprecedented and is sending a strong message to refiners about the need to sharply cut production. - Kevin Norrish