“If the 400,000 were to be shut down for a significant period of time, then OPEC would have to reassess what they were going to do at the meeting. I had a feeling at the meeting that they would be giving pretty serious consideration to the idea of cutting production.”
“The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.”
