Peter Gignoux
Peter Gignoux
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,
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.
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,
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.