Kevin Norrish Quotes

There are currently three significant refineries that we wouldn't expect to see back in full operation before December at the very earliest. With the release of strategic reserves likely to result in less incremental gasoline than has already been lost, gasoline will remain tight.

- Kevin Norrish

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Significant | Refineries | Expect | Full | Operation |

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With plenty of crude oil available to the market at present and some OPEC members signaling that lower oil prices may be acceptable to the group, the stage may well be set for further tests of support over the coming weeks. - 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. - Kevin Norrish

Paradoxically, the price strength of the past couple of days makes a production cut ... less likely... If OPEC does cut production it will be reacting to perceived weakness in market fundamentals later on this year. - Kevin Norrish