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Letter "K" » Kevin Norrish Quotes
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«If you start to layer in people's concerns and anxieties about what's happening in various parts of the world, there is a strong chance we'll have another test of the all-time highs, quite possibly sooner rather than later.»
Author: Kevin Norrish
«Under normal conditions, that would be telling OPEC that a cut is necessary. With Nigeria losing about half a million barrels of production it makes it quite hard for them to justify it.»
Author: Kevin Norrish
«There is clearly going to be some caution because of the political situation in Iran and the lost production in Nigeria, so the chances of OPEC cutting production is very, very slim.»
Author: Kevin Norrish
«Tensions over Iraq, Iran and Nigeria remain high, and the cut in exports of crude oil from Nigeria is causing specific concerns over availability of light sweet crude -- yielding higher proportions of gasoline -- as the US driving season approaches.»
Author: Kevin Norrish
«We expect oil prices to hit fresh all-time highs simply on the basis of supply and demand.»
Author: Kevin Norrish
«The statement fell short of an outright denial, leaving market fears free to grow.»
Author: Kevin Norrish
«The data flow is indicating a tighter market -- supply being reduced and demand being revised up.»
Author: Kevin Norrish
«Gasoline inventories fell sharply thanks to falling imports, declining domestic output and strong growth in demand so far in April.»
Author: Kevin Norrish
«It's another milestone. Brent is leading the way at the moment.»
Author: Kevin Norrish
«Under the wrong circumstances, you could easily see $80 being broken or even higher than that. Any major loss of production is going to give us another major push up.»
Author: Kevin Norrish
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