Gerard Burg Quotes

The key factor is Iran. The tension between Iran and the United States has increased a bit more, while Nigeria presents a consistent problem. - Gerard Burg

The expectation is for a crude oil build and a modest decline in gasoline. These factors are at the fore until we hear more of the political issues in Iran. - Gerard Burg

The crude figures were pretty bearish. Crude going up by almost 5 million barrels was more than people were expecting. Gasoline was broadly within expectations so there was little upside from that. - Gerard Burg

The big positive there was that refinery utilization appears to be on the rise now. The main one coming back on line was the BP Texas City refinery, so with that one coming back we should see further increases over the next few weeks. - Gerard Burg

The big increase...is the pension funds that have been coming in. - Gerard Burg

That area is solid with refining capacity. There's an element of panic in the market but that's not surprising given the lack of capacity worldwide at every level, refineries and oil wells. - Gerard Burg

Such an outcome would result in base metal prices falling well below our forecast levels. - Gerard Burg

Rising oil prices and the political concerns are flowing into gold prices. Investors are the real factor driving the gold prices. - Gerard Burg

Reports of market tightness at the time of settlement play into contract prices. - Gerard Burg

Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels. - Gerard Burg

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