57 ordspråk av Lawrence Eagles
Lawrence Eagles
in the short term we could see a knee-jerk reaction higher.
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Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option,
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Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option.
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It has to be put into perspective. We have strategic stocks which can obviously be used very quickly indeed if necessary.
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It is too early to blame the restart of Iraqi oil shipments for the gains (crude stocks), but implies that gains may be larger in the weeks ahead.
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It's certainly having an effect [on prices] but it's more people preempting El Nino than anything else.
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Most of these projects were supposed to be done last year. If U.S. money had been made available, Iraqis could have done the job faster. Whichever way you look in the short term, it comes back to security.
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No one fundamental reason can explain this whopping fall, ... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns.
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OPEC has a paranoia with oversupply, ... This weekend's meeting is likely to see OPEC agreeing to meet some time in January or February to discuss a cut in supply.
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OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel,
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OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel.
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OPEC is now talking about a 1 to 1.5 million bpd cut and Mexico and Russia are at least talking about output cuts,
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OPEC is playing a dangerous game of bluff, and has to be prepared to follow it through,
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OPEC is playing a dangerous game of bluff, and has to be prepared to follow it through.
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Our feeling is that OPEC will agree to the increase, but that the net impact on global supplies will be negligible,
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