Rakesh Shankar Time Quotations

There is a real risk that U.S. refineries will be unable to sufficiently bring back capacity in time for the summer driving season. This will force increased reliance on gasoline imports, and higher prices for consumers.

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

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.

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

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