It's clear to us that the overproduction of OPEC members at the moment is more than sufficient to compensate for the loss of Iraqi volumes as they currently stand.
Our economists are increasingly concerned about the impact of higher oil prices on the wider input cost issue within the U.S. economy, and how that feeds through into inflation and consequently impacts the Fed's decision on interest rates.
We've had some forceful statements from within OPEC. The possibility of OPEC releasing further oil in October under the price band mechanism prompted a degree of profit taking this morning.
With market attention firmly focused on the forthcoming OPEC meeting, we expect oil prices will remain well supported given recent statements from member countries indicating a desire to curtail physical supply.
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.