(160 quotes found)
“OPEC is playing a dangerous game of bluff, and has to be prepared to follow it through,”
Lawrence Eagles
“Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain, ... But it may well choose to do so if prices remain weak.”
“OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel,”
“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,”
“Recently a former aid, giving evidence against him, said he was running short of funds. Therefore, if he was the instigator of the attacks on the US, another sponsor was likely to be involved.”
“Under normal circumstances, it would be far too soon for OPEC to consider raising production, but these are exceptional circumstances,”
“Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option,”
“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,”
“This time last year prices were around $32 a barrel before falling to $22 a barrel in May, because of excess supply in the market. OPEC wants to avoid that (happening again this year),”
“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,”
