Altogether we're on target. The market's behaving very well right now. |
But having said that, the same problems still exist with the strike in Venezuela and the Iraq situation. |
By having a diplomatic meeting, they're ratcheting OPEC up one notch from a producers' cartel to a quasi-diplomatic organization. It's a rare occurrence, |
By having a diplomatic meeting, they're ratcheting OPEC up one notch from a producers' cartel to a quasi-diplomatic organization. It's a rare occurrence. |
Certainly the producers that I have talked to are worried about the second quarter. |
Certainly the producers that I have talked to are worried about the second quarter. They see demand tapering off and the prices moving lower. This thought process could be a driver at the meeting. |
Certainly, the producers that I have talked to are worried about the second quarter. They see demand tapering off and the prices moving lower. This thought process could be a driver at the meeting. |
I think it's a sure thing they are going to raise by a certain amount -- the question is how much more are they going to produce. |
I would expect that they'd steer clear of the oil installations. They're fundamental to the oil-for-food process, |
Oil always seems to attract inflammatory rhetoric. And this is just another case of it. |
Oil and politics are a volatile combination and we have two separate issues confronting the oil market at the moment. |
OPEC compliance numbers are good. |
OPEC is trying to micro manage the oil price at the upper end of the range, |
OPEC should be terribly pleased. Its income has gone up mightily last year and this year, |
OPEC should be terribly pleased. Its income has gone up mightily last year and this year. |