“January has been very strong for crude and although February has grown less quickly, the overall picture for apparent consumption looks like it's probably roughly on-track.”
“Car sales have been strong, the economy is still growing strongly and it seems to me very unlikely that in that environment you would get two consecutive years where oil demand doesn't really grow.”
“There has been poor performance so far this year in the North Sea. The United States certainly is not coming back as quickly as people thought it would and Russia has been very, very poor, partly due to the cold weather.”
“The market's had a crack at $60 several times recently, but not looked at all convincing below that level. I just don't think there's the appetite to push it down there.”
“It's clear that the safety of employees is the main concern for the companies involved in Nigeria, and that does suggest that the current lost production could be sustained.”
