Quotations
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Naohiro Niimura Quotes
«Now the market is nervous about a new storm, while supplies are tight and oil facilities have not fully recovered (from the last hurricanes).»
Author: Naohiro Niimura
«The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast.»
Author: Naohiro Niimura
«At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.»
Author: Naohiro Niimura
«Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.»
Author: Naohiro Niimura
«The increase in commercial crude (stocks) came as a surprise.»
Author: Naohiro Niimura
«The market has dropped because of forecasts for higher temperatures. People are buying and selling based on weather forecasts.»
Author: Naohiro Niimura
«It's clear that the weather in the US north-east will remain much warmer than normal and reduce heating demand sharply.»
Author: Naohiro Niimura
«Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.»
Author: Naohiro Niimura
«Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.»
Author: Naohiro Niimura
«It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies,»
Author: Naohiro Niimura