100 ordspråk av Kevin Norrish

Kevin Norrish

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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.

 In the present situation this storm is bound to keep the market on edge.

 India and China are big importers of crude oil, and they're both at the stage of their development where they're energy intensive, ... We have seen no pullback in demand in those countries, or in western countries --demand doesn't seem to be an issue that would help keep prices in check.

 India and China are big importers of crude oil, and they're both at the stage of their development where they're energy intensive. We have seen no pullback in demand in those countries, or in western countries --demand doesn't seem to be an issue that would help keep prices in check.

 Iran matters more than is currently priced in and Iran's external relations remain the key wild card. We continue to see the situation as representing the major upside risk for oil prices this year.

 It's another milestone. Brent is leading the way at the moment.

 It's because we've had such an explosive rise in heating oil prices -- I don't think we've ever seen such a dramatic increase in the spread between heating oil and crude.

 It's clear that the safety of employees is the main concern for the companies involved in Nigeria, and that does suggest that the current lost production could be sustained.

 It's easy to get sucked into weekly changes in inventory level, but behind that, we still have very strong demand.

 It's moving up and down. We've got an erosion of the idea that there has been massive demand destruction while ... at the same time you have got some pretty mild weather on both sides of the Atlantic.

 It's not surprising, given the levels that we've got to, that there is some profit-taking going on.

 It's only a matter of time before geopolitical developments give the market another sharp tug. The chances of a benign settlement in coming months over the Iranian nuclear issue have receded in recent weeks.

 January has been very strong for crude and although February has grown less quickly, the overall picture for apparent consumption looks like it's probably roughly on-track.

 Markets have already priced in a fairly sizeable production cut.

 My impression is that the price action is more to do with the data flow.


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