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Letter "P" » Peter Gignoux Quotes
«I would expect that they'd steer clear of the oil installations. They're fundamental to the oil-for-food process,»
«Oil and politics are a volatile combination and we have two separate issues confronting the oil market at the moment.»
«But having said that, the same problems still exist with the strike in Venezuela and the Iraq situation.»
«Oil always seems to attract inflammatory rhetoric. And this is just another case of it.»
«Remember that oil disruption is a genuine bullish indicator for the commodity,»
«OPEC should be terribly pleased. Its income has gone up mightily last year and this year,»
«OPEC is trying to micro manage the oil price at the upper end of the range,»
«There are severely genuine signs of volume constriction from OPEC producers. They are keeping to their pledges,»
«Yesterday's rally was based on a number of factors. There was some financial geometry in there as well. It was an options expiry day on the New York Mercantile with a rising market. That gave it a little more oomph than it needed. Now that oil's flowing, prices are coming back in line.»
«The most interesting thing about these cuts is that they were imposed immediately (from April 1). Normally OPEC members take a few months to implement them,»