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Geoff Pyne Quotes
«Even if they are not capable of doing serious damage to oil infrastructure, political instability and the threat to the ruling family is of real concern and promises to haunt the oil market for some time to come,»
«None of the fears about supply have gone away and demand growth shows no sign of slowing. That makes it a difficult market to sell.»
«Heating fuel stocks are going to be a theme all through winter. Every single refinery outage will feed concern.»
«It is quite right to say the security of supply is not the same as it was four to five years ago.»
«The price run-up is not fundamentally supported.»
«They have a war chest in a sense.»
«The whole geopolitical situation is critical and I regard Iran as extremely serious.»
«OPEC is producing as much crude oil as anybody wants, ... Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.»
«OPEC is producing as much crude oil as anybody wants. Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.»
«The whole geopolitical situation is critical and I regard Iran as extremely serious. It is the world's fourth largest crude oil exporter with an unpredictable president that could stop exports.»