Jason Schenker Quotes

Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.

- Jason Schenker

Tags

Decision | Quotas | Unchanged | Iranian | Guarantees |

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It's tough to blame (OPEC) for higher oil prices. I think they're doing what they can. - Jason Schenker

We have to wait for the refineries to come back on line, which will take a couple weeks. We're hearing a lot about the importance of getting the power going, but that isn't the only problem we will have reopening the refineries. Homes throughout the region are destroyed and workers need someplace to live. - Jason Schenker

OPEC is likely to be a critical event next week. A cut in production, however, seems quite unlikely despite slower fourth-quarter U.S. GDP growth out today and a well-supplied market. The specter of oil supply disruption haunts energy markets. - Jason Schenker