24 Quotes by Rakesh Shankar

Inventories for this time of the year remain astoundingly above average.

Inventories are extraordinarily sturdy, and OPEC's commitment, at least in the near term, to not cut production should only serve to reinforce the ample supply of oil in the market.

Gasoline prices are bound to rise further in the near term as the summer driving season kicks in.

For nearly five straight weeks, the EIA stock report has now surprised the market with inventory numbers on the upside. As a result, prices for crude especially will revert to the lower numbers seen in December.

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

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