Kevin Norrish Weakness Quotations

US product markets remain extremely weak at present, with most of that weakness focused in gasoline markets.

Paradoxically, the price strength of the past couple of days makes a production cut ... less likely, ... If OPEC does cut production it will be reacting to perceived weakness in market fundamentals later on this year.

The current weakness in the front month gasoline crack spreads is unprecedented and is sending a strong message to refiners about the need to sharply cut production.

The current weakness in front month petrol crack spreads is unprecedented and is sending a very strong message to refiners about the need to sharply cut production.