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Letter "K" » Kevin Norrish Quotes
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«The pinch point is product output.»
Author: Kevin Norrish
«Markets have already priced in a fairly sizeable production cut.»
Author: Kevin Norrish
«With global inventory still at extremely low levels and particular concern over low product and crude oil inventory in the U.S., there is little obvious sign of any significant weakness.»
Author: Kevin Norrish
«This supports our view that crude prices will soften as we move through the summer months.»
Author: Kevin Norrish
«The figures are not as bad as the initial market reaction might suggest especially on products. The builds on heating oil seem to be coming to an end. Stocks are still quite low.»
Author: Kevin Norrish
«The catalyst for the move higher appears to have been the release of a weather forecast drawing attention to the likelihood of another cold winter, prompting a surge of buying interest in winter fuel markets on both sides of the Atlantic.»
Author: Kevin Norrish
«People were expecting builds across the board. On that basis the market reaction that we have had is not surprising...It looks like product strength has the potential to return.»
Author: Kevin Norrish
«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.»
Author: Kevin Norrish
«I think if we get normally cold weather in key consuming parts of the world, northern Asia, northern Europe and northeastern U.S., that's going to be very testing.»
Author: Kevin Norrish
«There's still a lot of uncertainty about the balances in the short term,»
Author: Kevin Norrish
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