David Thurtell Quotes (39 Quotes)

The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.

The demand for uranium is very strong, and countries are trying to diversify away from oil and coal which contributes to global warming. It appears Australia is happy to sell it to China, or anyone else, so long as they abide by specific guidelines.

Iran will take the nuclear situation to the wire, making the market nervous. It will wax and wane diplomatically and they'll extract a price before agreeing to any deal with the west.

It looks now as if Rita is not going to go through the main refinery region. Because all these plants have closed for precautionary reasons there have been problems with gasoline supply, which drove prices higher yesterday. Still, it looks as if there's not going to be so much damage to the bigger refining sites.

Heating oil is a concern as we're heading into winter.

People will start to pay attention to peak demand looming, with heating oil a worry.

Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.

There's a little bit of dollar weakness, and that's giving gold a lift.

Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.

I think we'll stay in a 58 to 66 range for the next couple of months. If prices get too weak OPEC, will just cut back.

We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short.

I'd be surprised if oil ticks much lower. Stocks are good, but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.

Oil could ease back a bit today, though the hurricane season runs into November so we're not out of the woods yet. Asian demand is still pretty strong, so we're likely to see some buying if it goes much below 60.

The market is very vulnerable to a supply shock like this. This news will push up prices when trading starts tomorrow.

Iran seems determined to take the nuclear fuel issue to the wire.

There's just been too much disruption to too many parts of the whole supply chain. There's a worry that it's going to take longer to get things back.

There's been a lot of damage to refineries in the region and that's the main concern. You can have as much crude as you want on hand but if you've got no way of turning it into product you do have a problem.

The Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not enough capacity to absorb the loss of their exports.

The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving refiners a little breathing room to boost supply ahead of winter.

Refiners don't want to get caught out in the next six months, with the hurricane season, Iran, etcetera. Where you'd normally expect at these high prices refiners trying to cut down on stocks, I think they're saying there's big money to be made if you've still got inventory when the hurricanes hit.

While the market had factored in the potential consequences of reporting Iran to the UN, when it actually happens prices take the effect further.

The market is expecting another significant jump in U.S. stocks later today, and this focus has pushed geopolitical uncertainties off to the side, for now at least.

Iran has separated the nuclear issue from the oil-export issue and seems to have ruled out retaliatory action. That may change, but what they're saying now should be having some soothing impact on the market.

The lingering political risks to supply mean we're not going to drive prices down too far or too fast. They haven't gone away but had slipped onto the back-burner either side of the U.S. supply report in the middle of the week.

Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.

There was more relief in Asian trade today that Hurricane Wilma seems to be staying out of the way of Gulf facilities.

The stocks numbers are extremely bearish. You wouldn't want to be short though. You've just got to watch what's going on with Iran.

While Iran said last week that it would separate nuclear and oil as issues, it was only last year that it warned that oil could be used as a weapon to get its own way on the nuclear issues.

Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.

All we need is a bit of a cold snap and suddenly it could easily push back up. We're still in that lull period where the summer driving season is over but we haven't hit peak winter demand.

In my view, prices had probably gone down too far, especially with peak demand winter season looming.

From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.

Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.

We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.

People are reacting to these higher prices.

The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.

Companies will still deal with the Chinese in the future. They are big players, and it's a brave player who refuses to deal with them. But companies and brokers may demand deals be confirmed all the way up the line.

I think this demand-destruction idea is being a bit overdone at the moment. The stocks numbers were very bearish, but I think that it's still difficult to read through a lot of this data noise.

A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.