Lawrence Eagles
Lawrence Eagles
compliance demand fear february firm improve partly prices seen slump winter
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,
imagine means price smart trigger un until
I would imagine they'll use their 20-day price trigger as the barometer, which means not until the end of June, by when we should know what the UN is doing with smart sanctions,
arabia believe further move prices reason word
Without any further word from Saudi Arabia about production, ... there is no reason to believe that we won't see prices move higher.
again avoid barrel excess falling last prices supply time wants year
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),
ahead chooses cut meeting output prices public remain size whether
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.
clear demand high impact moment oil prices seen signs starting
There are clear signs at the moment that we are starting to see the impact of high oil prices on demand -- and that's being seen in many regions.
announce bush gasoline measures prices seems short surprise
There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.
band below cause itself mechanism price shown slump waiting
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,
continue crude current feeling next physical prices surplus week
Our feeling is that with the current surplus of physical crude that prices will continue to erode from here for the next week or two.
driven due overnight price protests recovery security
Part of the recovery overnight (in the price of oil) may have been due to anti-Israeli protests in Jordan, where 30,000 protestors had to be driven back from the boarder by security forces,
caution clearly collapse currently early given main next oil paranoia price pumping threatens
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.
america bothered economic helping lower per price sensible
Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option.
barrels crude fell impact looking million per positive releases stocks traders
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.
ali compromise oil president rodriguez stepping
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.