35 Quotes by Kevin Norrish

The share of fossil fuels (in China's energy use) may fall but the absolute amounts consumed will grow.

Oil prices have fallen since the release of worse than expected US oil inventory figures on Wednesday but the potential for the Iranian situation to worsen during the course of the IAEA meeting currently underway is keeping oil market participants wary.

Oil markets sentiment remains dominated by the escalation of attacks in Nigeria.

At US$63.92 per barrel, this breaks the record for the highest WTI price at which a cut has been explicitly called for.

This is definitely not about buying up oil resources in order to ship the oil into China.

The U.S. refinery system has been showing signs of severe tightness. The shut-in of refining capacity from Katrina is then not so much a straw, but rather a large log on top of an already fully laden camel.

It's only a matter of time before geopolitical developments give the market another sharp tug. The chances of a benign settlement in coming months over the Iranian nuclear issue have receded in recent weeks.

It's easy to get sucked into weekly changes in inventory level, but behind that, we still have very strong demand.

It's because we've had such an explosive rise in heating oil prices -- I don't think we've ever seen such a dramatic increase in the spread between heating oil and crude.