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Kevin Norrish Quotes

With global inventory still at extremely low levels and particular concern over low product and crude oil inventory in the U.S., there is little obvious sign of any significant weakness. - Kevin Norrish

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Global | Inventory | Extremely | Levels | Concern |

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There is no obscuring the big picture of rapidly dwindling [gasoline] stock levels, accelerating demand and the growing likelihood of a supply crunch in the not too distant future. Geopolitical tensions also continue to prove a key driver behind the strength in oil prices. - Kevin Norrish

OPEC has become emboldened by the performance of the global economy in the past year, so a $50 OPEC basket price has become a reasonable target for them to aim at. - Kevin Norrish

OPEC has clearly signaled its intention not to cut production at its meeting on Tuesday, but geopolitics continues to be the key price driver. - Kevin Norrish

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