Once they lose that credibility they lose the ability to control prices and that credibility has started to slip away.
There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
There is plenty of crude, but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next few weeks will show the effect of high oil prices on demand,
There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next week will show the effect of high oil prices on demand.
They have to get compliance in order. With six million barrels a day of spare capacity they don't have any credibility in the market unless they can control spare capacity,
They're playing with fire and it looks like they're going to get their fingers burned.
Things like this, we take seriously and we deal with.
This is just as much fun as playing in the water. It seems like there is a lot of bickering going on. Seems to be the wrong time. People need to be doing more stuff like this.
This just emphasizes fears over global oil supply security when we're already facing major ongoing risks in Nigeria, Iran and Iraq .
What's scary is that we're just moving out of the lowest period of demand for the year and OPEC at full stretch was unable to keep prices down,
What's scary is that we're just moving out of the lowest period of demand for the year and OPEC at full stretch was unable to keep prices down.
World demand in the second half will average 3 million barrels a day more than in the second quarter.
You can't have these sort of prices without a substantial effect on demand.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.