Yasser Elguindi
Yasser Elguindi
countries given high prices producing
High prices have given all producing countries a lot more leverage.
continues demand strong
If demand continues to be strong we are going to be struggling.
appears continues demand risks strong taking upside view
If demand continues to be strong we are going to be struggling. OPEC appears to be taking the view that the risks are weighted more to the upside than the downside.
company oil
If you're an international oil company and see this trend, it must be worrying.
perceived wants
OPEC wants to be perceived as part of the solution, not part of the problem,
canada choice companies gave oil sands
If you gave oil companies a choice between the tar sands in Canada or oil in Saudi Arabia, which do you think they'd choose?
continue crude loose meaning send signal supply wrong
But they don't want to send the wrong signal to the market. They want to continue a loose supply policy, meaning that if there's a crude problem, which there isn't now, they can supply it.