136 Quotes by Fadel Gheit

The market is therefore focused on two things: No additional supplies coming from OPEC. The other factor is that we should be entering what is a high demand period for oil products with the start of the summer season,

Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.

Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years.

I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further, ... If they do, they will have to contend with things that they do not want in the long run, like possible economic troubles.

maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.

We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial,

We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.

The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.

We have not even recovered from Katrina, so it would be another big blow.