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.
reaction short term
in the short term we could see a knee-jerk reaction higher.
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.
iraqi looking month
So we could be looking at at least a month without Iraqi oil.
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.
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.