Crude Quotations | Page 3

The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.

Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.

Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.

We are pulling back a little bit, and I would view this as a pretty healthy consolidation, considering the run we had last week and the fact crude is still above $70 a barrel.

The overall supply of crude is very adequate and there is no risk of a shortage out there. This is a big change from 2004 and the early part of 2005.

We are not planning to release any government-controlled crude oil stocks at this time,

We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price.

Well I think some of the more defensive issues would probably perform in line with the market. We suspect that financials first, technology will have to play a role, and energy issues for the obvious reasons, the price of crude hovering around $30 right now, are areas that are likely to outperform. But I think to be successful we have to have participation across the board. That goes back to breadth indicators being real laggard of the internal equation for many, many months. So they not necessarily lag the market, but perform in line across the board, is going to be an essential element.

To me, this looks like continuation of crude oil escaping the gravity of reality.

Yeah. I mean, technology wants to be in our bodies, because it sort of came out of our bodies. In a crude way, that's what I'm thinking.

The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.

The only reason we got a little rally was when crude declined.

traders switched focus from a fall in crude inventories to a general surplus of oil and signs of falling demand.

Today's charge has been led by the usual suspects: energy and commodity stocks, which is not surprising giving gold prices... and crude oil closing at its highest ever.

We would like to deal with this firmly based upon our basic recognition that both...the nuclear non-proliferation issue and stable crude oil supplies are important.

We don't know exactly how much has been leaked, but so far 1395 barrels of liquids have been collected, most of crude that it is mixed with snow.

The declining price of gasoline echoes a recent drop in crude oil prices. The drop in oil appears to be due to continued growth in domestic oil inventories.

When there's a drop in crude prices, you tend to see it put into stocks with high multiples.

The fact that the North Sea output problem is supporting the market really shows how tight the physical crude supply is.

Journalism is not a precise science, it's a crude art

We used quite crude tools earlier, but now they have to be more sensitive. There will be no micromanaging of the economy.

We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.

The real problem from a consumer perspective is a shortage of refined product, and it is unclear to me how they are going to get crude from storage facilities on the Gulf Coast to refineries on the Gulf Coast,

We came in higher but couldn't hold it, which underscores the weakness of the market. The overall supply of crude is very adequate and there is no risk of a shortage out there.

We came back from Labor Day, and the interest has just exploded, ... It's just going to get more and more from here unless crude just takes a bath. That doesn't look likely anytime soon.

While oil companies continue to blame crude oil prices and ethanol additives for the recent gasoline price spikes in California, the chief cause is increased profiteering by oil companies that have previously posted world record profits.

Though crude seems sufficient at the moment it is the refining capacity that is the real bottleneck. Implied demand for refined products indicates a stronger market for crude oil.

We can't speak for each of the 170,000 gasoline stations nationwide, ... But it's clear that gasoline prices are up 29 cents a gallon because crude oil prices are up about 29 cents a gallon during the same period.

This supports our view that crude prices will soften as we move through the summer months.

The reason why we're seeing stronger numbers is this new storm coming in the Caribbean which could cause disruptions to the crude oil facilities in the Gulf of Mexico.

The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy.

There has been no impact of the protest call given by student groups so far with crude oil production going on uninterrupted.

When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.

We saw last year just how much oil shot up after Ivan. Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $70 and could push toward $80 a barrel.

We saw last year just how much oil shot up after Ivan, ... Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $US70 and could push toward $US80 a barrel.

We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.

Why should people hold crude in tank farms if they think the price is going to come down?

We've climbed very quickly and strongly so prices are ready for a correction. The fundamentals haven't really changed. The crude market in the Atlantic basin is well supplied.

We've clearly been getting support from the weather. Crude oil, distillate and gasoline supplies are all higher while demand is lower. There really isn't a bullish cloud on the horizon.

We've built crude supplies far in excess of what the market is expecting and that should weigh on prices.

We had a big spike early last week with crude at a record and the heat in Texas. It shows that even with this huge supply, people are still feeling pretty vulnerable about things like heat and hurricanes.

With plenty of crude oil available to the market at present and some OPEC members signaling that lower oil prices may be acceptable to the group, the stage may well be set for further tests of support over the coming weeks.

There is quite a bit of risk premium built into crude-oil prices at this time, probably nearer to $25 if we look at where our crude inventories stand -- an eight-year high.

There is plenty of crude oil around, which makes geopolitical problems a lot less pressing.

There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.

The particular type of oil being lost, light sweet, is much in demand. So we're actually seeing a real impact from the loss of that crude. Having said that, there is actually plenty of crude around. But a lot of it is heavy and sour.

This reduces fears about an Iranian crude supply cut and the market is just reacting to that.

To China, it is so important to secure its crude supply.

When you have God come amongst you to support and sustain you, why grovel through crude vulgar entities? Avoid places where they bargain in terms of gifts, donations, for Spiritual guidance and Transmission.

With damage to crude production, releasing oil from the strategic reserve would be a real buffer and could alleviate the situation.

With crude prices forecast to remain strong for the remainder of the year, consumers can expect, on average, higher pump prices than last year.

With crude oil strong above $60, it's going to help the inflationary aspect of gold.

With crude oil staying high, gas company shares are going to gain. Growth is also going to be fueled by the current economic expansion.

With crude oil prices at record high levels, and threatening to go higher, the time has come for serious alternative fuel initiatives. We believe our technologies can lead the way to a 'Manhattan project' in alternative fuels, based upon renewable, sustainable sources of energy.

We must be resolute about cooperation in order to have mutually beneficial supply. We must push forward work on the crude oil pipeline, natural gas pipeline and upstream development.

We will commence with attacks in another area of the Niger delta with an aim to ensuring the total discontinuation of export of onshore crude oil.

We've now known for 31 years since the first oil embargo that Hawaii's precarious position as the state most dependent and exposed to foreign crude oil is unacceptable.

The president is most concerned about ensuring the hostages are released unharmed. These people are upset about the fact that the federal government's efforts to stop the stealing of crude are working.

Unfortunately, a stronger economy may also signal that energy demand will increase, driving up the price of crude oil and gasoline.

But the Iranian situation hasn't gone away. So $62 crude is probably not a bad value, and people see that as a buying opportunity.

The good news is that with the 30 million-barrel sale of SPR oil, I don't think we will have much of a deficit in crude oil production.

The government's offer of barrels from the Strategic Petroleum Reserve has mitigated some of the upward price pressure on crude oil. The problems with gasoline and natural gas may not be helped even if the SPR is tapped. If refineries are offline and can't run the extra oil, it will make no difference.

We've had some not-great earnings news, such as GM. But to us, the biggest issue remains oil. Crude up at these levels is a concern for the consumer and for corporations on a global level.

To meet our obligations as a member of the International Energy Agency, the United States will release 30 million barrels of crude oil from the Strategic Petroleum Reserve, ... We will offer the oil for bid.

There is a lot of potential for China to import more crude oil from Russia.

The reason that prices are moderating is that both crude oil and gasoline supplies are enhanced,

The reasons for high gasoline prices are very clear: the high cost of crude and the high cost of manufacturing gasoline. The idea that this is some sort of conspiracy is very unfortunate.

The recent decline in crude oil prices took out a little bit of the peak in energy cycle. But the fundamental underlying price is higher than it was a year or six months ago.

To a large degree, it's a result of the oil market. Crude oil is approaching all-time highs here. That should support natural gas.

We had a huge US crude build and OPEC said they're going to just keep pumping at high levels, so between the two of those it's pretty easy to understand the sell-off.

With global inventory still at extremely low levels and particular concern over low product and crude oil inventory in the U.S., there is little obvious sign of any significant weakness.

What that says is that even though crude oil prices are at near-record highs, gasoline prices are much higher than the crude oil prices would dictate.

We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.

We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here,

What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers.

What's happened can be explained by the higher cost of crude oil, the difficulties in building new refineries and the disaster that cut right through the heart of the industry.

We wish to warn the Chinese government and its oil companies to steer well clear of the Niger Delta. Chinese citizens found in oil installations will be treated as thieves. The Chinese government by investing in stolen crude places its citizens in our line of fire.

The problem in crude oil and transportation fuel markets is that it's very volatile with the unrest in Nigeria, the uncertainty regarding Iran and continuing problems in Iraq. It just leads to unexpected prices in the crude oil market.

We are building upon unprecedented regional confidence. We will be going to the market place very shortly to look to launch our next contract, which will naturally fit our sour crude oil contract and which has been strongly desired and recommended by the marketplace.

We expect that there's going to be a significant impact to the refineries in terms of production, or changing the crude oil over to usable gas. And as well to the supply lines getting the gasoline to the stations.

We are trying to keep the slot open for Mexican crude oil. It's the closest.

Very low crude prices have been working their way through to the gas pump, and the economic problems elsewhere, particularly in Asia, have created a glut of oil,

When crude oil is above $26 a barrel, it makes economic sense to convert coal.

When crude is at new highs like this, that makes people nervous and gives them a reason to sell.

Warm weather in the Northern Hemisphere continues to weigh on the heating oil market, and that has been dragging crude prices down too.

We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday.

Bombings on some of the gas pipelines have affected operations in one of our oilfields leading to disruption of crude oil supply. We are now transporting oil to the refineries using tankers.

Bombings on some of the gas pipelines have affected operations in one of our oil fields leading to disruption of crude oil supply. We are now transporting oil to the refineries using tankers.

Both of them contain the same amount of total crude protein, but the protein is very different.

Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?

Besides feared shortfalls in crude oil capacity, the status of world refining capacity has become worrisome as well,

Everybody expects it is going to be bad but nobody really knows. Guesses range from a draw of 10 million barrels on crude to 9 million barrels on gasoline.

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.

Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005,

Crude will rise next week on saber-rattling in Nigeria and the UN Security Council meeting.

Crude today is pushed up by gasoline. Gasoline prices in New York are higher as we approach the driving season, and because of concern that supplies may be limited because of issues with the new specification.

Crude supply is no longer an issue. We have plenty of it. However, that crude number is being countered to some extent by the large decline in gasoline stocks.

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but that was not a surprise given the incredibly mild weather recently in the States.

Crude stocks should show a sizable increase as an expected further recovery in imports toward 10 million barrels a day more than negates the impact of additional refinery restarts.

Crude stocks fell by 0.749 million barrels per day, which disappointed some traders who were looking for the SPR releases to have a positive impact on inventories.