Peter Gignoux
Peter Gignoux
exist iraq problems strike venezuela
But having said that, the same problems still exist with the strike in Venezuela and the Iraq situation.
altogether behaving
Altogether we're on target. The market's behaving very well right now.
april cuts few implement imposed members months normally
The most interesting thing about these cuts is that they were imposed immediately (from April 1). Normally OPEC members take a few months to implement them,
issues market oil politics separate volatile
Oil and politics are a volatile combination and we have two separate issues confronting the oil market at the moment.
attract case oil seems
Oil always seems to attract inflammatory rhetoric. And this is just another case of it.
engaged last oil prices shot time
The last time the U.S. was engaged militarily in Iraq, oil prices shot up to about $42 a barrel,
continued high levels market oil simply thinks
The market simply thinks that there's not enough oil on the market and is theorizing that were going to see continued high levels of consumption.
barrels crude market oil putting reacting
The market is reacting to Richardson's announcement. By putting more barrels on the market, it immediately alters U.S. crude oil inventories.