Quotes by Julian Lee

“There is a great deal of uncertainty in this market. But interestingly enough, in the aftermath of Hurricane Katrina, demand pressure seems to have been taken off crude oil.”

“The current level of oil prices is simply unsustainable...to keep the price at these levels would mean starving the world of the oil it needs,”

“The big problem with development of gas in the Caspian is what do you do with it?”

“[At the same time, the increase] does very little to really take the heat out of the market, ... I dont think it will have a big effect. I think what it will probably do is prevent prices from going up again significantly.”

“The real concern is over products and I expect prices for gasoline, heating oil and jet fuel to remain fairly robust.”

“The tendency (is) once prices start to rise, for everybody to open the tap a little bit.”

“Industry will be praying for a busy driving season this summer, followed by a long, cold winter.”

“The market is so volatile at the moment ... the one thing the oil market desperately needs at the moment is clarity from OPEC, and its not getting it,”

“The $100 barrel price is very much wishful thinking on Venezuelas part.”

“The market is so volatile at the moment ... the one thing the oil market desperately needs at the moment is clarity from OPEC, and its not getting it.”