57 ordspråk av Lawrence Eagles
Lawrence Eagles
[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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Another compromise could be in the offing, ... What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.
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Another compromise could be in the offing. What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.
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As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground,
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As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at $60 plus without a lot of other factors.
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Compliance will improve from February levels, partly because the winter demand will not be there and also because of the fear that prices will slump if OPEC is not seen to be in firm control,
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Compliance will improve from February levels, partly because the winter demand will not be there and also because of the fear that prices will slump if OPEC is not seen to be in firm control.
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Crude stocks fell by 0.749 million barrels per day, which disappointed some traders who were looking for the SPR releases to have a positive impact on inventories,
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Crude stocks fell by 0.749 million barrels per day, which disappointed some traders who were looking for the SPR releases to have a positive impact on inventories.
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Demand is still strong within China but growth was exceptionally strong last year. That year-on-year growth is narrower is not a surprise.
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El Nino is definitely developing into the strongest event we've had in a long time, possibly in this century.
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Given the paranoia of the cartel that it is currently pumping too much oil and that this threatens a price collapse early next year, caution will clearly be the main watchword.
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However in doing so it has also shown itself not to be a bastion of stability it had claimed, but a hawkish price-rigging organization,
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However in doing so it has also shown itself not to be a bastion of stability it had claimed, but a hawkish price-rigging organization.
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