57 ordspråk av Lawrence Eagles
Lawrence Eagles
There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.
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There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.
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This time last year prices were around $32 a barrel before falling to $22 a barrel in May, because of excess supply in the market. OPEC wants to avoid that (happening again this year),
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Under normal circumstances, it would be far too soon for OPEC to consider raising production, but these are exceptional circumstances,
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We have responded to a very specific physical supply disruption and we will review that response as we go further forward.
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Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain, ... But it may well choose to do so if prices remain weak.
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Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain. But it may well choose to do so if prices remain weak.
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While gasoline was clearly the main driving force behind the market on Friday, there is little doubt that the Middle East tension also provides some upside momentum for crude.
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Without any further word from Saudi Arabia about production, ... there is no reason to believe that we won't see prices move higher.
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You have to look at the series trend, and [prices] are definitely in an upward move.
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[Describing the Saudi action as a] totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East.
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[The DOE report] suggests that more product (such as heating oil) may be available in the week ahead, ... Adding to this, the U.S. 6-to-10 day forecast calls for above-normal temperatures in much of the U.S. northeast.
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