21 ordspråk av Jamal Qureshi

Jamal Qureshi

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A million sounds pretty high. I have a hard time seeing that from just existing fields and rehabilitation.

Even if the refineries are OK, they could be starved of their imports.

I think sanctions that impact oil flows from Iran are very unlikely. The Chinese are major importers of Iranian crude and they would not be too happy to see that.

If all the fears start to come true we could be getting to some high price levels.

Iraq has a lot of potential, but lots of things have to go right. We see no sign of that happening.

Katrina blew a big hole in the product market. If Rita doubles that, we are in for some serious problems.

Now we have a hurricane heading for the bigger part of the coastal refinery center, threatening to blow a huge hole in products supply.

OPEC is going to have to go back to some supply management again if they are going to hold a (price) floor. It should be easy for them to manage, it's not like they have to cut a lot they will still be at high output levels.

People are covering their positions before the weekend. We don't know what's going to happen with Iran.

People are going to run as hard as they can. The price incentives are there.

People were worried post-Katrina as we have real tight product supply,

Refiners are already going to be feeling a bit of a pinch in their ability to provide supply, and importers as well.

There's some new problems and challenges ahead in the national switch to ethanol.

This is significantly slower than the recovery from (Hurricane) Ivan, ... The easy stuff has been brought back. ... Now the tough stuff is ahead of us.

This really comes down to what can Saudi Arabia do.

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