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...
definitely developing event possibly strongest
El Nino is definitely developing into the strongest event we've had in a long time, possibly in this century.
although clearly few next opportunity overnight peace signs three window
There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.
attack eastern fashion fear lose middle remains respond small support
The U.S. will respond to this attack in some fashion and there remains a small fear that it may lose some Middle Eastern support as a result.
iraqi looking month
So we could be looking at at least a month without Iraqi oil.
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.
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,
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.
clearly however risk small
There is clearly a risk that this is going to happen, however small that risk may be,
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,
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,
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.
america bothered economic helping lower per price sensible
Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option.
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.