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.
More Quotes from Antoine Halff:
If it is rhetoric, it is to balance the perception that that they are responsible for the high prices.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
Heightened geopolitical risk profoundly changes the meaning of fundamentals.
Antoine Halff
Refinery activity has been very depressed because of damage caused by hurricanes last year and deferred maintenance. There was a huge surge in imports after last year's storms but that has ended. At the same time refinery activity has not recovered.
Antoine Halff
It's new in the sense that this is the boldest attempt to strike at the heart of a Saudi oil-production complex. So far they had been confined to office buildings and housing units.
Antoine Halff
The decision to meet again in a few weeks shows that OPEC's price appetite is pretty robust.
Antoine Halff
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