69 Quotes by David Thurtell

The demand for uranium is very strong, and countries are trying to diversify away from oil and coal which contributes to global warming. It appears Australia is happy to sell it to China, or anyone else, so long as they abide by specific guidelines.

While Iran said last week that it would separate nuclear and oil as issues, it was only last year that it warned that oil could be used as a weapon to get its own way on the nuclear issues.

Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.

There's just been too much disruption to too many parts of the whole supply chain. There's a worry that it's going to take longer to get things back.

The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.

The stocks numbers are extremely bearish. You wouldn't want to be short though. You've just got to watch what's going on with Iran.

Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.

A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.

Oil could ease back a bit today, though the hurricane season runs into November so we're not out of the woods yet. Asian demand is still pretty strong, so we're likely to see some buying if it goes much below $60.