Heightened geopolitical risk profoundly changes the meaning of fundamentals.
More Quotes from Antoine Halff:
If it's not rhetoric it's an effort to recapture the share of the oil cut that they gave away to deep conversion refiners,Antoine Halff
There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries and bad refining news, and the market has been very spooked. It's a long laundry list of problems.
Antoine Halff
The government is trying to collect overdue taxes from oil companies to recover some lost taxes. And there is still some confusion about the government being in crisis.
Antoine Halff
If we have colder-than-normal weather, we'll see a bit of a shock to the economy, ... I plan to put a sweater on at home.
Antoine Halff
There is tremendous political risk to supplies, including from OPEC producers, such as Iran or Venezuela, who have trouble meeting their production quotas, or even Nigeria. They can't address these concerns openly, but I am sure they are on everybody's mind.
Antoine Halff
The measure is in line with the populist tone of the new regime in Bolivia however how it is carried out in practice still seems somewhat unclear.
Antoine Halff
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