The Eagles
The Eagles
The Eagles were an American rock band formed in Los Angeles in 1971 by Glenn Frey, Don Henley, Bernie Leadon, and Randy Meisner. With five number-one singles, six Grammy Awards, five American Music Awards, and six number one albums, the Eagles were one of the most successful musical acts of the 1970s. At the end of the 20th century, two of their albums, Their Greatest Hitsand Hotel California, were ranked among the 20 best-selling albums in the United States according...
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.
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.
band below cause itself mechanism price shown slump waiting
OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel,
caution clearly collapse currently early given main next oil paranoia price pumping threatens
Given the paranoia of the cartel that it is currently pumping too much oil and that this threatens a price collapse early next year, caution will clearly be the main watchword.
agreeing cut discuss february january likely meeting paranoia time
OPEC has a paranoia with oversupply, ... This weekend's meeting is likely to see OPEC agreeing to meet some time in January or February to discuss a cut in supply.
ali compromise oil president rodriguez stepping
Another compromise could be in the offing, ... What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.
agree feeling global impact net supplies
Our feeling is that OPEC will agree to the increase, but that the net impact on global supplies will be negligible.
ali compromise oil president rodriguez stepping
Another compromise could be in the offing. What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.
imagine means price smart trigger un until
I would imagine they'll use their 20-day price trigger as the barometer, which means not until the end of June, by when we should know what the UN is doing with smart sanctions,
clear east far market middle premium remain situation strong until
As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground,
airline clear concern explain reason
No one fundamental reason can explain this whopping fall, ... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns.