(160 quotes found)
“Our feeling is that OPEC will agree to the increase, but that the net impact on global supplies will be negligible.”
Lawrence Eagles
“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.”
“Overall there is a general consensus in the market that prices are likely to head lower and that the break of the current range will be to the downside. However, we would note that the conditions for this to happen [increased crude and product inventories and refinery restarts in particular] are not yet in place and risks to the upside remain.”
“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.”
“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.”
“Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option.”
“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 is playing a dangerous game of bluff, and has to be prepared to follow it through.”
“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.”
