Geoff Pyne Quotations

There is a realization that no one can be complacent about supplies.

OPEC is producing as much crude oil as anybody wants. Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.

OPEC is producing as much crude oil as anybody wants, ... Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.

Even if they are not capable of doing serious damage to oil infrastructure, political instability and the threat to the ruling family is of real concern and promises to haunt the oil market for some time to come,

There's got to be a crunch point over Iran. At the end of the day Iran is intent on uranium enrichment and the West won't allow it.

The whole geopolitical situation is critical and I regard Iran as extremely serious. It is the world's fourth largest crude oil exporter with an unpredictable president that could stop exports.

It is quite right to say the security of supply is not the same as it was four to five years ago.

It's got to be worth up to $2 a barrel initially.

None of the fears about supply have gone away and demand growth shows no sign of slowing. That makes it a difficult market to sell.

Heating fuel stocks are going to be a theme all through winter. Every single refinery outage will feed concern.

The Iranians don't follow logical rules. Things are done for domestic consumption.

The market is being tugged by two forces-data are pulling it down and political forces are pulling it up.