Last quote by Dominick Chirichella
I think it was rough weather in the waters that prevented a lot of vessels from unloading. Certainly, some production was shut in because of the hurricane.
Sep 07 2016
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 Dominick Chirichella is associated, including U.S., oil, and production. Most recently, Dominick Chirichella has been quoted saying: “Both Brent and WTI remain above the psychological $50 level, a price area that should provide several U.S. shale producers with a positive cash flow and thus motivation to begin to slowly bring some of the drilled-uncompleted wells out of inventory and closer to a producing mode.” in the article US oil snaps 3-day rally, ends 1.3 pct lower at $50.56. An other article where Dominick Chirichella has been quoted is Global stocks rise to six-week high on Fed view, higher oil prices.
Quotes by Dominick Chirichella
Jun 09 2016
Both Brent and WTI remain above the psychological $50 level, a price area that should provide several U.S. shale producers with a positive cash flow and thus motivation to begin to slowly bring some of the drilled-uncompleted wells out of inventory and closer to a producing mode.
Jun 07 2016
With the industry projecting a decline in total U.S. crude oil stocks in this week's reports, the market bears are remaining on the sidelines.
May 18 2016
On the crude oil front, the EIA report was disappointing at best given the surprise build. Both PADD 2 (the Midwest) and Cushing built in an area that should have been most impacted by the Canadian wildfires.
May 06 2016
The global surplus still exists and there is still a possibility that oil prices could retrace further.
Apr 20 2016
It's overall mixed and slightly supportive, with total stocks of refined products and crude oil combined declining slightly.
Apr 15 2016
A cut in production is very unlikely at this meeting and I would say it will probably not even be a discussion item on the meeting agenda.
Mar 28 2016
The comments today suggest that it (next rate hike) may be more delayed and the dollar getting whacked is providing support to oil, although oil is still trending to the downside in the short term.
Jan 27 2016
I think we're in this mode where little things can set the market off into a reversal. We're heading into a choppy trading period right now.
Jan 13 2016
Overall, it's a bearish report. I think today's inventory report is all about products ... The long-awaited massive decline in crude production is not starting again.
Jan 12 2016
The momentum is too strong to the bearish side, even if fundamentally nothing has changed.
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