24 Quotes by Rakesh Shankar

The recent cold snap seems more like a last hurrah for Old Man Winter, and with barely a few weeks left in the winter season, inventories for natural gas remain in near record territory. This will ensure that any price gains for natural gas in the aftermath of today's report will be limited.

At this pace, all the pieces are in place for both total crude and gasoline prices to ease before the peak summer driving season sets in, as we expect.

Crude inventories remain sturdy, despite today's unexpected drop.

After a relatively swift recovering following the devastating hurricanes late last year, refinery utilization moderated sharply since the beginning of this year, and is yet to meaningfully recover.

Sturdy product inventories should help to temper market fears of energy shortages, and should help cajole broader energy prices lower in the next few weeks.

Despite the moderation in refinery utilization...last week, gasoline inventories rose a whopping 4.3 million barrels.

Despite the moderation in refinery utilization ... last week, gasoline inventories rose a whopping 4.3 million barrels.

Despite the moderation in refinery utilization by almost 1.2% last week, gasoline inventories rose a whopping 4.3 million barrels.

Inventories for this time of the year remain well above average, and in the upper end of the average range for this time of the year.