Gerard Burg Quotes

It is likely that we are going to see demand for heating oil rise in Europe as end-users look for alternatives to gas.

- Gerard Burg

Tags

Demand | Heating | Rise | Europe | Users |

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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

It's the constant talk of attacks and military action that are heightening tensions again and helping push up prices. We should see a bit of a rebound in Chinese consumption this year. The market is going to remain very tight. - Gerard Burg

We saw last year just how much oil shot up after Ivan... Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $US70 and could push toward $US80 a barrel. - Gerard Burg