Antonio Szabo Quotes

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

Tags

Opec | Additional | Production | Capacity | Sufficient |

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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

Right now the goal of the Saudis, Kuwaitis and the other members of the Gulf Cooperation Council is to see prices fall. They are very sensitive to the position of the U.S. and the rest of the industrial world. The moderate states want to see prices between $50 and $55 a barrel. - Antonio Szabo

Measures taken by the Federal Government in conjunction with the IEA should have a downward pressure on crude prices. Current supply and demand fundamentals are only somewhat bullish for gasoline and outright bearish for crude oil and distillates. - Antonio Szabo