The decision to meet again in a few weeks shows that OPEC's price appetite is pretty robust. |
The government is trying to collect overdue taxes from oil companies to recover some lost taxes. And there is still some confusion about the government being in crisis. |
The market is awakening to the scope of the risks. |
The measure is in line with the populist tone of the new regime in Bolivia; however how it is carried out in practice still seems somewhat unclear. |
There is no short term supply pressure in the market. |
There is tremendous political risk to supplies, including from OPEC producers, such as Iran or Venezuela, who have trouble meeting their production quotas, or even Nigeria. They can't address these concerns openly, but I am sure they are on everybody's mind. |
There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries and bad refining news, and the market has been very spooked, ... It's a long laundry list of problems. |
There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries and bad refining news, and the market has been very spooked. It's a long laundry list of problems. |
There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries, and bad refining news, and the market has been very spooked, ... It's a long laundry list of problems. |
There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries, and bad refining news, and the market has been very spooked. It's a long laundry list of problems. |
We have an economy that has shown signs of slowing. With energy prices at extremely high levels -- and now moving above those levels -- this is kind of a double whammy, |
We have an economy that has shown signs of slowing. With energy prices at extremely high levels -- and now moving above those levels -- this is kind of a double whammy. |
We've climbed very quickly and strongly so prices are ready for a correction. The fundamentals haven't really changed. The crude market in the Atlantic basin is well supplied. |
While surging high imports likely allowed total U.S. gasoline stockpiles to start rebuilding in the week ended April 28, it may take time for depleted East Coast stocks to reach desired levels ahead of the peak summer driving months. |