Christopher Bellew Quotations

We started coming down at the end of August. So we've been coming down for about 10 weeks. Oil trends tend to go on for much longer than that, so we have got a continuation of the downward movement, whether on warm weather or on weak demand.

Mild weather is one of the factors, and we're going into the heating-oil season with high stocks.

People were expecting a build in the products, particularly gasoline.

The reason why we're seeing stronger numbers is this new storm coming in the Caribbean which could cause disruptions to the crude oil facilities in the Gulf of Mexico.

Warm weather in the Northern Hemisphere continues to weigh on the heating oil market, and that has been dragging crude prices down too.

There's not really much problem about crude oil supply. It's all about the lack of products.

This is a technical liquidation. There are large numbers of non-commercial (contracts) out there.

Considerations over demand and growth are so long-term that they don't change things dramatically from one day to the other.

It will take a lot of time for this extra oil to be delivered by OPEC. The fears people had about supply interruptions still remain because of the instability in Saudi Arabia and Iraq.

It will take a lot of time for this extra oil to be delivered by OPEC, ... The fears people had about supply interruptions still remain because of the instability in Saudi Arabia and Iraq.

I don't think the hurricane will be hugely serious. I think by tomorrow morning this will be over.

The IEA sees compliance rising to 90 percent in May, and if that is the case we could see oil prices take new highs,

The downtrend that started immediately after hurricane Katrina remains firmly in place in spite of Wilma and industrial problems at Total in France,

The market would probably be weaker without these concerns.