For OPEC countries, less than US$60 a barrel is not a suitable price _ it is quite cheap for them so they want to push the price to around at least US$62-63, which may also be suitable for the consumer side. |
For OPEC countries, less than US$60 a barrel is not a suitable price - it is quite cheap for them so they want to push the price to around at least $62-63, which may also be suitable for the consumer side. |
For OPEC countries, less than US$60 a barrel is not a suitable price -- it is quite cheap for them so they want to push the price to around at least $62-63, which may also be suitable for the consumer side. |
Gasoline tightness is worse than last year. That is the most important part of the oil price. The other is the geopolitical risk. |
I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two. |
I don't think Iran will stop oil exports because of the money, but we have to wait and see for the IAEA meeting. |
If the US attacks Iran, oil prices could rise 20-30 dollars in one day. Nobody wants to see that. |
If winter is colder than expected then prices could rebound quite sharply. |
Imports from IEA countries are almost completed. The demand-supply balance is a little tighter. |
In that case, we'll be in the winter season already. If temperatures in winter time are lower than forecast, then that should be a big problem. |
In the short-term we have seen the bottom level already and people don't like to sell below 60. |
Iran is still a concern, and although it is not in the forefront now, tensions still remain high, and any cut to supplies will be devastating. |
It looks quite unlikely that Katrina would affect the Gulf of Mexico facilities, and that's what's bringing the price down now as people start to take profits. |
It seems to be a very crazy market. People worry about gasoline and crude oil supply. |
It's still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up, |