16 ordspråk av Frederic Lasserre
Frederic Lasserre
Clearly that's a possibility. Iran has been so aggressive ... and has repeated several times very aggressive comment... Of course the market is very sensitive.
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Even if Tehran can not afford to cut for long its exports of crude, which represents 80 percent of its foreign currency earnings, such an action would drive up prices and seriously hurt the economies of those countries which are calling for sanctions.
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If this trading activity is client-driven, oil-related physical assets are certainly not critical. But if your oil trading activity is proprietary-trading oriented, then of course the conclusion is different.
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More than 50 percent on average of all these indexes is in oil and refined products. It's having a massive impact on the markets.
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News coming in over the weekend that some production facilities might take longer to recover than originally expected is lending a slight bullish tone to the market, but this may disappear during the day,
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News coming in over the weekend that some production facilities might take longer to recover than originally expected is lending a slight bullish tone to the market, but this may disappear during the day.
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The incidents in Nigeria are happening at a time when geopolitical events seem to be happening at a near-continuous rhythm ? such as production problems in Iraq, tensions in Iran and in Venezuela. It's a long list and it fosters a climate of very volatile oil markets.
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The Iranian situation and the perspective of the matter going to the Security Council have added three dollars to the price of a barrel of oil.
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The market is still fearing that we might see some more serious hurricanes down the road,
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The price floor for the market will be higher than it was before Katrina.
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The psychology of the world market is such that Iran does not even need to be credible about carrying out its threat. It only has to bring it up for prices to skyrocket.
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They're trying to show their good will by not putting too much pressure (on the Security Council).
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This is profit-taking ahead of the weekend.
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We believe that the peak is near, both in terms of level and timing. This should be between now and the month of December and be located between $55 and $60 for NYMEX crude,
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We believe that the peak is near, both in terms of level and timing. This should be between now and the month of December and be located between $55 and $60 for NYMEX crude.
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