Michael Pearce
ON THE RECORD · 5 verbatim quotes · every quote source-verified
“And the need to refill those stocks will mean energy prices remain elevated for a period, even when disruption in the Middle East clears.”
Michael Pearce · said date not stated · reported 2026-10-09
Pearce said the need to refill drained stocks will keep energy prices elevated even after Middle East disruption clears.
“The policy risks backfiring because it would result in stockpiling of diesel, and as that storage runs out, refineries would need to cut back on production,”
Michael Pearce · said date not stated · reported 2026-10-09
Pearce said a diesel export ban risks backfiring by causing stockpiling and forcing refineries to cut production.
“As long as energy exports from the Gulf remain disrupted, stocks will need to be drained further to supply the market,”
Michael Pearce · said date not stated · reported 2026-10-09
Pearce warned that as long as Gulf energy exports remain disrupted, stocks will need to be drained to supply the market.
“That would raise prices of other energy products, including gasoline.”
Michael Pearce · said date not stated · reported 2026-10-09
Pearce said reduced refinery production from a diesel export ban would raise prices of other energy products including gasoline.
“The combined impact of higher rates and higher energy prices is squeezing household budgets and adding to firms' costs,”
Michael Pearce · said date not stated · reported 2026-10-09
Pearce said higher energy prices and interest rates are squeezing household budgets and adding to firms' costs.