We’re looking at a competitive oil market that should continue to be oversupplied next year, we should see three to four months of healthy growth in demand next summer, but the [International Energy Agency] is anticipating that supply will be higher than demand.

Patrick DeHaan

Categorized in : Latest Headlines

To see several refineries have unexpected outages at the same tim... by Patrick DeHaan

To see several refineries have unexpected outages at the same time, it's not normal.

I absolutely think it's likely that the West Coast will see more of a pricing impact than other regions since they're more tied to Saudi imports.

I don't yet think any area will see 'spikes' because of the attacks, but it certainly could become that if Saudi Arabia production doesn't return to 90% of normal very quickly.

Especially in California, there has been some level of sticker shock, it would not surprise me if some of the pictures of people getting out and dusting off their bicycle are accurate.

Headwinds will persist for most of the year. We’re still awash in... by Patrick DeHaan

Headwinds will persist for most of the year. We’re still awash in crude oil.

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If gasoline prices fall even further, we could be in for brisk su... by Patrick DeHaan

If gasoline prices fall even further, we could be in for brisk summer at the pump.