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).»
«The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast.»
«At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.»
«Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.»
«The increase in commercial crude (stocks) came as a surprise.»
«The market has dropped because of forecasts for higher temperatures. People are buying and selling based on weather forecasts.»
«It's clear that the weather in the US north-east will remain much warmer than normal and reduce heating demand sharply.»
«Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.»
«Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.»
«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,»

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