Peter Gignoux
Peter Gignoux
cease exports iraqi reports running worry
There are reports that all Iraqi exports are running normally. If the worry was that Iraqi exports would cease and they haven't, then there is nothing to worry about.
clear expect oil steer
I would expect that they'd steer clear of the oil installations. They're fundamental to the oil-for-food process,
based coming financial gave geometry mercantile number options prices rally rising york
Yesterday's rally was based on a number of factors. There was some financial geometry in there as well. It was an options expiry day on the New York Mercantile with a rising market. That gave it a little more oomph than it needed. Now that oil's flowing, prices are coming back in line.
bullish disruption genuine indicator oil remember
Remember that oil disruption is a genuine bullish indicator for the commodity,
gone income last terribly year
OPEC should be terribly pleased. Its income has gone up mightily last year and this year,
manage oil price trying
OPEC is trying to micro manage the oil price at the upper end of the range,
amount certain question raise sure
I think it's a sure thing they are going to raise by a certain amount -- the question is how much more are they going to produce.
genuine keeping signs volume
There are severely genuine signs of volume constriction from OPEC producers. They are keeping to their pledges,
book buying comments higher instead market morning oil prices pulling response rose saw seeing traders
What we're seeing this morning is in response to OPEC's comments and also some old-fashioned year-end book squaring. Oil prices rose sharply and then fell. The market is doing some to-and-fro action, where traders saw the fluctuations and thought about pulling back instead of buying at the higher prices.
certainly producers second talked worried
Certainly the producers that I have talked to are worried about the second quarter.
demand driver moving prices process producers second talked worried
Certainly, the producers that I have talked to are worried about the second quarter. They see demand tapering off and the prices moving lower. This thought process could be a driver at the meeting.
diplomatic notch rare
By having a diplomatic meeting, they're ratcheting OPEC up one notch from a producers' cartel to a quasi-diplomatic organization. It's a rare occurrence,
coming fallout given market
The fallout is coming through from yesterday's (Tuesday's) data, which was very good. It has given the market a lot of encouragement,
core entirely last move
The core of this last move is entirely different than anything we've seen.