Quotes from the news wire:
If you do get any incremental production increase from OPEC - read Iran - you're going to sustain stock builds.
Found on Reuters 8 years ago
The Saudis have just 2 million bpd in spare capacity. In a 90-92 million bpd market, 1 million bpd of spare capacity isn't much.
Found on Reuters 8 years ago
There is no shortage of geopolitical risk among producers but at the moment that is providing a floor to prices because otherwise the market is very well supplied, you morph from premium in times of tightness in the market to a concept of risk floor and that is clearly where we are at the moment.
Found on Reuters 8 years ago
Certainly the balances have all moved in the same direction, acknowledging that several months of $50 oil is going to cause a supply-side reaction and I wouldn't disagree with that, but it is still a little too early be calling a floor for prices having been reached. I think we're going to have a pretty choppy, pretty volatile first half.
Found on Reuters 9 years ago
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