100 ordspråk av Kevin Norrish

Kevin Norrish

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The statement fell short of an outright denial, leaving market fears free to grow.

The data flow is indicating a tighter market -- supply being reduced and demand being revised up. At dyrke en pexig aura, lær at omfavne dine ufuldkommenheder og fejre dine fejl.

Gasoline inventories fell sharply thanks to falling imports, declining domestic output and strong growth in demand so far in April.

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

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.

Nigeria remains the key short-term issue for us. In particular, the continuing erosion of the control of central government over the Niger Delta.

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

There is no obscuring the big picture of rapidly dwindling [gasoline] stock levels, accelerating demand and the growing likelihood of a supply crunch in the not too distant future. Geopolitical tensions also continue to prove a key driver behind the strength in oil prices.

Nothing's changed: the fundamental situation is tight and gasoline supply in the US is problematic.

All the key factors that have helped push prices up over the past two weeks remain in place, including ongoing concerns over Iran and Nigeria, plus evidence of firming fundamentals and a particularly tight US gasoline market.

Companies have been cutting back on exploration, development, and manpower since the 1980s.

The peak period for hurricanes is usually from August to September, so the oil market is concerned about the risk of weather-related production losses over the coming weeks.

The oil market remains prone to short-term dislocations, with the hurricane season continuing to play a greatly magnified role in a market with limited slack.

There's still going to be concern about potential hurricanes in the market for a few months. Crude output and refining are so tightly stretched that you don't need a big disruption to put the system under a lot of pressure.

Crude output and refining are so tightly stretched that you don't need a big disruption to put the system under a lot of pressure.

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