Lawrence Eagles Quotes

Our feeling is that with the current surplus of physical crude that prices will continue to erode from here for the next week or two. - Lawrence Eagles

Our feeling is that OPEC will agree to the increase, but that the net impact on global supplies will be negligible. - Lawrence Eagles

OPEC is playing a dangerous game of bluff, and has to be prepared to follow it through. - Lawrence Eagles

OPEC is now talking about a 1 to 1.5 million bpd cut and Mexico and Russia are at least talking about output cuts. - Lawrence Eagles

OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel. - 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

No one fundamental reason can explain this whopping fall... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns. - Lawrence Eagles

Most of these projects were supposed to be done last year. If U.S. money had been made available, Iraqis could have done the job faster. Whichever way you look in the short term, it comes back to security. - Lawrence Eagles

It's certainly having an effect [on prices] but it's more people preempting El Nino than anything else. - 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

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