Gerard Burg Quotes


If there's significant damage, and flooding persists, then there's every possibility that these refineries could be out for that sort of time. There's a limited extent to which stocks can replace refining production. - Gerard Burg


I don't see any rapid resolution in Nigeria, it's a political situation. - Gerard Burg


For the last two years everyone's been calling the peak, and everyone's been calling it down, but it just continues to go on. - Gerard Burg


Even with this weather it's not been enough to drive prices considerably lower. Once again we've got that overhanging thought that things could turn colder again and the supply situation still isn't that good. That's supporting prices where they are. - Gerard Burg


Copper is often perceived to be the barometer for market conditions and therefore a significant fall in copper prices could remove speculative support from other metals. - Gerard Burg


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


Certainly the fundamental picture doesn't look particularly strong. Stocks in the U.S. are still very high, and while forecasts I've seen for weather for next week suggest it should be considerably colder, heating oil stocks look as if they should be sufficient to last through the winter. - Gerard Burg


At least for the short term this has removed some of the concerns that we might see, first of all, some sanctions imposed and then a cut in output as a response. The situation is unresolved and this still leaves the potential for further events to influence prices. - Gerard Burg


Again it's the story of gasoline inventories ... providing a bit more support for prices. - Gerard Burg


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