Kevin Blemkin Quotations

On Friday, it was off to the races, but there has been no fresh news over the weekend. The move up was too much on Friday.

There are still refinery issues. The market is going to remain firm in the medium-term until we see that the stockpiles are there.

Refineries are going to be slow to recover. I'm not too excited about the downside for prices. We still have disruptions. We won't get a real picture of the market today because people are away in the U.S.

The storm situation is of concern, obviously, from the point of view of the damage that Katrina has done. Going into the fourth quarter, refineries are going to be the main issue. There's no shortage of crude, so I don't think more output from OPEC is going to be necessary at this time.

It's going to see some more downside pressure later on this afternoon. Crude is looking at another build.

The car bomb news pushed the price up again. The market is very nervous.