Antonio Szabo Quotes

The only way for OPEC to get out of this mess is to overproduce and broadcast they will pump whatever the market requires.

- Antonio Szabo

Tags

Opec | Mess | Overproduce | Broadcast | Pump |

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OPEC must add additional production capacity. This must be sufficient to meet demand and beat out the hedge funds that have pushed prices so high. - Antonio Szabo

Refined product fundamentals are quite strong and likely to pull up crude prices. If one adds to all this the possibility of continued 'hot' news from Iraq, Iran, Nigeria and Venezuela, crude prices are likely to rise next week. - Antonio Szabo

The hurricane may end up being a big nothing. If it misses oil facilities or the damage isn't too bad prices will fall further. The only way for OPEC to get out of this mess is to overproduce and broadcast they will pump whatever the market requires, which is what they did. - Antonio Szabo