14 Quotes by Keiichi Sano

Natural gas supplies have been severely disrupted in North America and the shortages took heating oil and crude prices higher,

China didn't buy much oil last year. That could be the reason.

I don't think we will see a big sell-off from here, because some (oil) facilities in the U.S. will not recover in the short term.

It is a very choppy market. The earlier hurricane threat did impact the U.S. oil market. Refinery runs were being reduced as workers got evacuated. Now Emily looks to be approaching.

The prompt WTI contract seems the weakest in the international oil index, weighed down by immediate high inventory levels in the United States.

Expectations of lower oil demand prompted funds selling because Hurricane Katrina has a negative effect in slowing down the U.S. economy.

Brent looks bullish, gaining strength from Nigeria's unrest. It is very rare to see spreads between WTI and Brent flattening.

Now is the lowest oil price this year when we look at the fundamentals. High inventories of gasoline and natural gas are weighing on oil prices now, but this situation won't persist.

Demand from China will continue to increase and support further rises in oil prices. The country needs more heavy fuel oil for power plants, and fuel for trucks is needed too.