35 Quotes by Tony Nunan
- Author Tony Nunan
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Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.
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It's just profit-taking, the market needed to correct.
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It's a crazy market. Prices look strong one week because of the draws (declines) in gasoline. If we get another big draw this week, the market will be even stronger.
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It is unknown how extensive the damage to the refineries is.
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It's no secret that refineries are the problem. There wouldn't be a problem if there was any slack in the system.
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It looks like the market just doesn't want to go down. I think everybody is going to be watching stocks today.
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That's the big question on everybody's mind, how much this (high prices) affected the demand.
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Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
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Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.
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