19 Quotes by Jamal Qureshi

We're in a world that faces serious problems with political stability in several key regions. People want to hold more supplies closer to home, and that's going to keep demand high for purchasing imported barrels.

This really comes down to what can Saudi Arabia do.

Now we have a hurricane heading for the bigger part of the coastal refinery center, threatening to blow a huge hole in products supply.

People were worried post-Katrina as we have real tight product supply,

If all the fears start to come true we could be getting to some high price levels.

Katrina blew a big hole in the product market. If Rita doubles that, we are in for some serious problems.

OPEC is going to have to go back to some supply management again if they are going to hold a (price) floor. It should be easy for them to manage, it's not like they have to cut a lot they will still be at high output levels.

People are going to run as hard as they can. The price incentives are there.

People are covering their positions before the weekend. We don't know what's going to happen with Iran.