25 ordspråk av Bruce Evers

Bruce Evers

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BP has been badly affected by the hurricanes.

BP has been badly affected by the hurricanes. People expect BP to beat the consensus and when they come in below, people do not like it.

Companies haven't assessed the damage fully and it may be that refineries stay shut for months. The European Union is moving crude and products to the U.S., but at some point it's going to have to replace that, leading to higher demand in a marketplace that is already very tight.

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but that was not a surprise given the incredibly mild weather recently in the States.

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but was not that a surprise given the incredibly mild weather recently in the States.

Demand continues to rise against a backdrop of stagnant supply. It's going to be a very interesting summer.

Demand is growing, and we still have uncertainties in Nigeria, and the ongoing situation in Iran continues to worry. The sentiment is still very positive and the market in a very bullish mood.

I don't expect it will come down very much further. What we've seen over the last couple of years is if there's any meaningful sell-off, people buy the dips aggressively.

If (UN) sanctions were to be imposed on Iran, the president is perfectly capable of cutting back or stopping exports to cause the West real pain as there would be an enormous spike in prices.

If they cut, it will send the wrong signal to the market and send prices up a couple of dollars.

If they think there is oil and gas there then they absolutely can't ignore it. If there is going to be an Arctic Klondike rush then they will want to be there along with every other Tom, Dick and Harry. They can't afford to sit and watch the others explore and come up with some huge discoveries.

It is amazing. I still don't see where the inflection point is - the point where (oil) prices start to affect demand and growth. Maybe in two months' time we will start to see the impact.

It is very cold in Europe. The US is still quite mild but northern Europe is very cold.

It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.

Numbers were below consensus because they had a big impact from the hurricanes and the closure of Texas City. These were events outside their control.

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