Andy Lipow - Lipow Oil Associates


Last quote by Andy Lipow

I think [gasoline] can go higher. It really all depends on the oil market and we're seeing risk
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Apr 10 2017 Oil
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Andy Lipow is associated, including OPEC, Nymex, and inventory. Most recently, Andy Lipow has been quoted saying: “There's no doubt that demand is going to pick up. Seasonally, we're out of winter and we're going to go into summer driving season, and demand is going to go up. The big question on everyone's mind is are we going to see an increase in demand compared to last year.” in the article Get ready to pay more for gasoline; prices could leap to two-year high this spring.
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Andy Lipow quotes

The oil price is reacting to the implementation of production cuts by OPEC And non-OPEC producers. Inventory statistics today showed products building across the board. If we're seeing not only inventories here but inventories worldwide increase there would be worldwide pressure on oil prices. It's clear it will pressure prices down but we have to see what happens with the rest of the world. You won't have to worry about running out of gas this

The export markets are taking what the domestic demand doesn't need, and it's good for refiners on the Gulf Coast…from that stand point it's helping refining

People just don't realize how integrated we are with these two

The bottom line is they've yet to come to a deal in spite of all their optimistic pronouncements, and the heavy lifting is going to have to be done by Saudi

While OPEC may announce a freeze and a cut in production at the end of November, there has been a free for all among its members to produce as much as possible since the September freeze announcement. I think that in spite of whatever agreement comes out of Vienna at the end of the month, the market will be skeptical that OPEC can bring the self-discipline to its members to actually enact a substantial production

It's good news for the refiners because both gasoline and distillate inventories dropped far more than the market anticipated. That is going to help refining margins in a difficult

Refiners are importing less crude oil and are really just starting to draw down onshore inventory. Week in and week out we're seeing lower amounts of imports than one might expect given the amount of crude oil we're

This "puts OPEC in an even tougher spot because they have to cut even more production to accommodate the resumption of sales out of Libya and

I think there's a very good chance that [the deal] gets derailed. The production cuts involve countries like Iraq and the Emirates who probably are not very excited about cutting their

Clearly, it is inconsistent with the Saudis claim that they're going to cut production in the future, because one would think if you're going to cut production you don't have to cut your crude oil price very

A lot of people ran to the pump to fill up so it created demand early. With the Colonial start-up over the next five days, terminals will be getting

There's no other way to get barrels in there. It's right in the middle of the

But it will happen and the consumers will get their

You might have an unusual situation where people could pay more at the pump, and they'll be watching gasoline futures dropping

Judging from the Nymex action right now, it doesn't look like the market thinks it's going to be fixed today or

Inventories will have pulled down. It will take quite a while to replenish those

It will eventually go away. The question is how long will it take to repair but it's been down 10 days

I'm expecting that in the Carolinas, maybe some parts of Virginia and possibly some locations in

We really don't know exactly when Colonial is going to get started back. By Sunday, you might see some brown paper bags on gas

I think certainly some of the unbranded stations will probably run out of

I would just say gasoline prices are likely to fall another 5 to 10 cents a gallon over the next several weeks, and the national average should actually approach $2 and $2.05 a gallon over the next few

It continues to turn the crude oil surplus into a product

I suspect over the next few weeks we're going to see inventories recover to a certain extent, as the imports catch up. There's still plenty of oil out there. What we're seeing is the result of storm impacts on vessel shipping at the same time we still see members of OPEC to increase their oil

I think the big news is really in the products. That's what's driving the market down. Gasoline (supply) has been rising over the last several weeks, in the heart of the summer driving season. Good for consumers, and bad for

If you look at inventory levels, since Memorial Day, gasoline inventories have trickled on up. I expect that we're going to maintain high inventory levels throughout the summer, going into Labor

They're buying time. It's going to fall off another 300,000 or 400,000 barrels a day by the end of the

I remain sceptical, at the end of the day, about that happening as the oil producers are looking at the other guy to cut production while maintaining their own

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