(25 quotes found)
“World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.”
Bruce Evers
“I don't expect it will come down very much further. What we've seen over the last couple of years is if there's any meaningful sell-off, people buy the dips aggressively.”
“You write off Iran at your peril.”
“Numbers were below consensus because they had a big impact from the hurricanes and the closure of Texas City. These were events outside their control.”
“BP has been badly affected by the hurricanes.”
“It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.”
“One doesn't see the Nigerian situation getting any better anytime soon. There is plenty for people to focus on. People just don't know which way markets are going to break.”
“If they cut, it will send the wrong signal to the market and send prices up a couple of dollars.”
“With oil prices over 60.0 dollars, it is not necessary, particularly with Nigeria losing about 500,000 barrels per day.”
“If they think there is oil and gas there then they absolutely can't ignore it. If there is going to be an Arctic Klondike rush then they will want to be there along with every other Tom, Dick and Harry. They can't afford to sit and watch the others explore and come up with some huge discoveries.”
