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Letter "P" » Phil Flynn Quotes
«The EIA data indicate there's a lot of crude out there,»
Author: Phil Flynn
«Warm temperatures across the Midwest and the Northeast is pressuring prices in the short run,»
Author: Phil Flynn
«We may end up with more crude and heating oil than we would have without Katrina. There are a lot of imports on their way and production may be close to normal by the end of the year. In two weeks there may be a flood of imports as the IEA barrels reach us.»
Author: Phil Flynn
«There is still a lot of concern about how bad the damage is in the Gulf of Mexico. It will be an incredible achievement if we can avoid fuel shortages this winter.»
Author: Phil Flynn
«The IEA report yesterday and the Fed point to a limited impact by the storms on U.S. demand. It looks like the drop in production is bigger than the fall in demand.»
Author: Phil Flynn
«We're seeing the unwinding of the heating oil, gasoline spread. Traders were buying heating oil and selling gasoline, and producers saw this and kicked up distillate production.»
Author: Phil Flynn
«It will be a very short-term psychological impact. In the past this oil card has backfired.»
Author: Phil Flynn
«There's this feeling that OPEC will make good on its promise to cut output by April.»
Author: Phil Flynn
«This is a triple whammy. The EIA report [points to higher prices] because we have a draw on gasoline and not any build on crude oil stocks...at the same time distillate stocks are also running behind, when they should be building too.»
Author: Phil Flynn
«The build up in crude could indicate the fall in distillate fuel has finally bottomed out.»
Author: Phil Flynn
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