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Letter "K" » Kevin Norrish Quotes
«We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect that Nigeria will continue to be a major issue in terms of supply security.»
Author: Kevin Norrish
«Oil markets sentiment remains dominated by the escalation of attacks in Nigeria.»
Author: Kevin Norrish
«If it weren't for the market's focus on short-term inventory data, the market would be a lot higher. We're retracing, even if the move upwards was not as big as it could have been.»
Author: Kevin Norrish
«There are not enough firm projects on stream to meet 1.5 million bpd (demand growth).»
Author: Kevin Norrish
«Nigeria remains the main immediate source of risk with further insurgent activity against facilities considered highly likely in coming weeks.»
Author: Kevin Norrish
«It's easy to get sucked into weekly changes in inventory level, but behind that, we still have very strong demand.»
Author: Kevin Norrish
«Crude oil prices continue to trade in the low 60s with the downside limited by events in Nigeria and Iran.»
Author: Kevin Norrish
«The Nigerian situation has the potential to get a lot worse. It's going to run and run.»
Author: Kevin Norrish
«My impression is that the price action is more to do with the data flow.»
Author: Kevin Norrish
«One question would be whether it would be necessary for an increase in production in order to make up for Nigeria. I have a feeling, they probably view that as a bonus.»
Author: Kevin Norrish
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