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,
More Quotes from Lawrence Eagles:
Another compromise could be in the offing, ... What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.Lawrence Eagles
OPEC has a paranoia with oversupply, ... This weekend's meeting is likely to see OPEC agreeing to meet some time in January or February to discuss a cut in supply.
Lawrence Eagles
The DOE report suggests that more product (such as heating oil) may be available in the week ahead, ... Adding to this, the U. S. 6-to-10 day forecast calls for above-normal temperatures in much of the U. S. northeast.
Lawrence Eagles
It is too early to blame the restart of Iraqi oil shipments for the gains (crude stocks), but implies that gains may be larger in the weeks ahead.
Lawrence Eagles
As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at 60 plus without a lot of other factors.
Lawrence Eagles
Readers Who Like This Quotation Also Like:
Based on Keywords: calmerNothing is more useless in developing a nation's economy than a gun, and nothing blocks the road to social development more than the financial burden of war. War is the arch enemy of national progress and the modern scourge of civilized men.
King Hussein I
Gender consciousness has become involved in almost every intellectual field: history, literature, science, anthropology. There's been an extraordinary advance.
Clifford Geertz
Before I ever put anything on paper, Jerry and I would talk back and forth.
Joe Shuster