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Letter "K" » Kevin Norrish Quotes
«At $63.92 per barrel, this breaks the record for the highest WTI price at which a cut has been explicitly called for.»
«At US$63.92 per barrel, this breaks the record for the highest WTI price at which a cut has been explicitly called for.»
«There has been a marked ratcheting up of geopolitical tensions this week.»
«After such a slow 2005 for Chinese oil demand an acceleration in growth looks highly likely in 2006 and this will exert further pressure on oil supply and prices.»
«News that four foreign oil workers held hostage by Nigerian militants have been released (was) helping prices to ease back a bit.»
«U.S. oil inventories have risen rapidly, relative to normal patterns over the last four weeks. At the level of politics and geopolitical risks, the shadows have continued to gather and darken.»
«There is a strategic element to it. It's something that we've seen before. Japan was doing the same thing about 10 to 15 years ago, with a lot of its natural resource companies, including oil companies, buying into foreign projects.»
«This is definitely not about buying up oil resources in order to ship the oil into China.»
«You can't blame China for $70-a-barrel oil.»
«The share of fossil fuels (in China's energy use) may fall but the absolute amounts consumed will grow.»