Lawrence Eagles
Lawrence Eagles
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.
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.
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.
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,
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.
behind clearly doubt driving east force gasoline main market middle momentum provides tension upside
While gasoline was clearly the main driving force behind the market on Friday, there is little doubt that the Middle East tension also provides some upside momentum for crude.
iraqis job last money projects short supposed
Most of these projects were supposed to be done last year. If U.S. money had been made available, Iraqis could have done the job faster. Whichever way you look in the short term, it comes back to security.
airline clear concern explain reason
No one fundamental reason can explain this whopping fall, ... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns.
oil plan proposals regard slammed
The plan has been slammed by environmentalists and some commentators who regard the proposals as a handout to the oil industry.
disruption further physical response review specific supply
We have responded to a very specific physical supply disruption and we will review that response as we go further forward.
clearly however risk small
There is clearly a risk that this is going to happen, however small that risk may be,
against attacks evidence former giving likely recently running short sponsor
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.