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Kevin Norrish Quotes
«Ever since Bush started building it up, he has made it clear that the reserve is there to be used if there are signs of severe supply disruption, not to act as a tool for managing prices,»
Author: Kevin Norrish
«To use it to manipulate prices would be like a central bank trying to manage a run on a currency - it wouldn't work because it only has so much ammunition.»
Author: Kevin Norrish
«The morbidity of non-OPEC supply is? [a factor that is] fuelling the rise in prices. Russian output growth has decelerated...with the year on year growth in output for July a sharp downshift from the...growth rate achieved in July 2004. The IEA sees Russian supply rebounding strongly in the rest of the year and into 2006. [Their] forecast is for Russian output to grow by 390,000 bpd in 2006, a very good recovery from the growth seen in the most recent monthly Russian output data. In all, the IEA view seems somewhat optimistic...»
Author: Kevin Norrish
«Political expediency would argue for an increase in output, while commercial logic would argue that the pressure should be resisted when OPEC meets next week.»
Author: Kevin Norrish
«The U.S. is facing a major gasoline crisis and is starting from a nearly empty tank.»
Author: Kevin Norrish
«This couldn't happen at a worse time.»
Author: Kevin Norrish
«The problem is getting the oil where it is needed in the form it is needed.»
Author: Kevin Norrish
«People have been on edge over Iran for some time now. This adds another layer of concern.»
Author: Kevin Norrish
«The strikes may further constrain Europe's already limited ability to export product across the Atlantic.»
Author: Kevin Norrish
«In the present situation this storm is bound to keep the market on edge.»
Author: Kevin Norrish