The strikes may further constrain Europe's already limited ability to export product across the Atlantic.
More Quotes from Kevin Norrish:
Iran matters more than is currently priced in and Iran's external relations remain the key wild card. We continue to see the situation as representing the major upside risk for oil prices this year.Kevin Norrish
To use it to manipulate prices would be like a central bank trying to manage a run on a currency - it wouldn't work because it only has so much ammunition.
Kevin Norrish
Gasoline inventories fell sharply thanks to falling imports, declining domestic output and strong growth in demand so far in April.
Kevin Norrish
What we are seeing is not a function of the world running out of oil. What we are seeing is the legacy of a very long period where investment has been far too low. The problem is getting the oil out of the ground and delivering it to consumers.
Kevin Norrish
I think if we get normally cold weather in key consuming parts of the world, northern Asia, northern Europe and northeastern U.S., that's going to be very testing.
Kevin Norrish
Political expediency would argue for an increase in output, while commercial logic would argue that the pressure should be resisted when OPEC meets next week.
Kevin Norrish
Readers Who Like This Quotation Also Like:
Based on Keywords: constrain, europesI was blown away by being able to color. Then I started to draw... bringing a blank white canvas to life was fascinating.
James De La Vega
From my parents, I learned a very strong work ethic, and all of my brothers and sisters all worked from the earliest days of life right through to the present time.
George J. Mitchell
Jordan has a strange, haunting beauty and a sense of timelessness. Dotted with the ruins of empires once great, it is the last resort of yesterday in the world of tomorrow. I love every inch of it.
King Hussein I