“The rally is based on the Nigeria attacks. It is quite a significant amount. The market was used to Nigerian outages, but these attacks appear to be gathering speed and are much more worrying.”
Alexandre Kervinio
“With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.”
Victor Shum
“The virus seems to be circulating quite widely in Nigeria, which is in the same area where European migratory birds winter.”
Samuel Jutzi
“We are still quite strong in spite of expectations for product stock builds. Question marks over Nigeria and Iran and the effects of cold weather in Russia, which have reduced exports, are providing a lot of support.”
Christopher Bellew
“The market was concentrating on Nigeria, Iran and the latest bin Laden tape.”
James Williams
“Iran and Nigeria are uncertainties that hang over the market and can change the fundamentals very quickly.”
David Fyfe
“I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.”
Rick Mueller
