Lawrence Eagles
Lawrence Eagles
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.
clearly however risk small
There is clearly a risk that this is going to happen, however small that risk may be,
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.
iraqi looking month
So we could be looking at at least a month without Iraqi oil.
breaks
If it breaks that we could see $370 an ounce,
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.
reaction short term
in the short term we could see a knee-jerk reaction higher.
indeed obviously perspective quickly stocks strategic
It has to be put into perspective. We have strategic stocks which can obviously be used very quickly indeed if necessary.
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,
china demand growth last strong within
Demand is still strong within China but growth was exceptionally strong last year. That year-on-year growth is narrower is not a surprise.
issues night oil plus
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.
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.
however itself shown stability
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.