Gerard Burg Quotes

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

Tags

Positive | Refinery | Utilization | Appears | Rise |

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It's only political factors that are now holding prices above $60. Iran, Nigeria and Venezuela are potentially affecting supply flow that is driving the rally and is still providing support. - Gerard Burg

Concern about Iran never ceases to push prices. The mere mention of it sends prices higher. - Gerard Burg

These concerns also led to a reduction in speculative long positions in the futures market, resulting in less speculative support for spot prices. - Gerard Burg