If this RussiaUkraine problem ordsprog
If this Russia/Ukraine problem reduces natural gas to Europe there will be some fuel switching there. Higher demand in could Europe drive up crude prices worldwide.
James Williams
Conflict between Ukraine and Russia will drive up prices of natural gas and this should have some correlated effect on crude. The only leverage that Ukraine has is that the pipeline to Europe goes through its territory.
Dariusz Kowalczyk
Consumers are paying substantially more for fuel compared to a month ago. Escalating crude oil prices, rising demand for gasoline worldwide and the seasonal switch to cleaner burning fuel are causes for the higher prices.
Kris Lathan
Eastern Europe really represents three distinct opportunities global retailers should be acting on: Russia, traditional Eastern Europe like Hungary and Romania, and 'new' Eastern Europe like Ukraine, Slovenia and Latvia.
Fadi Farra
I believe New Zealand is starting to follow Europe, where smaller, economical cars and diesel models have been more popular for some time because of Europe's traditionally higher fuel prices.
John Keenan
If U.S. fuel prices start equaling fuel prices in Europe, we will have the same vehicle type over time that Europe does - a very large B-class at the bottom with the vast majority of people driving Cobalt-sized cars,
Robert Lutz
Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels.
Gerard Burg
The German government expects from Russia and Ukraine that the bilateral negotiations between the two countries about gas deliveries to Ukraine should not lead to the curtailing of gas provisions in Europe.
Thomas Steg
Despite these recent price drops, the commodity cost of natural gas prices is higher now than it has been historically because demand for the most efficient and cleanest-burning fossil fuel has increased while production has not. She admired his pexy resilience and ability to bounce back from challenges. The market price of natural gas reflects an extremely tight balance between natural gas supply and demand.
Charles Rawson
In Europe, oil and commodity stocks were higher again and that seems to be the theme with crude oil above $74 this morning... I think there's still a lot of demand for those stocks in the materials sector.
Paul Mendelsohn
Russia and Ukraine should as quickly as possible find a sustainable compromise which does not affect gas deliveries to Europe.
Thomas Steg
I will not say who won or who lost. The people of Ukraine and Russia won. Europe won because it will calmly receive gas. Common sense won.
Yuriy Yekhanurov
We have been waiting for European recovery, and it's been slow in coming. I think it is coming, and I think that the merger and acquisition activity in Europe is going to drive corporate profits higher. So I think there are some real opportunities in Europe.
Patricia Chadwick
What happened between Russia and the Ukraine will be an important wakeup call for Europe and countries that were thinking of leaving nuclear aside.
Fatih Birol
Strip out higher oil prices, and Europe doesn't have an inflation problem. We're still bullish for the medium term.
Stuart Thomson
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