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Peter Hitchens quotes

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    I Like this quote I dislike this quote“tight inventory levels throughout the world.”

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    I Like this quote I dislike this quote“The whole of the U.S. system seems to be creaking at the moment,”

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    I Like this quote I dislike this quote“[The profit was] at the bottom of forecasts, they confirmed some production delays, and I think the market just doesn't like oils at the moment, ... Generally though, things are ticking along quite nicely for them.”

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    I Like this quote I dislike this quote“Eni had always been regarded as a likely predator.”

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    I Like this quote I dislike this quote“The compromise could be 700,000 barrels but the actual production increase could be around 400,000. At 1 million extra barrels prices may be drawn lower but at 500,000 prices could hit $40.”

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    I Like this quote I dislike this quote“There is no incentive for the other members to [agree to] raise oil production. They won't see any benefits because oil prices will fall.”

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    I Like this quote I dislike this quote“supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure speculation. There is no demand for oil at these prices, buyers are sitting and hoping oil prices will fall, but prices could shoot up if there is a panic. There is real concern heating oil could run out.”

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    I Like this quote I dislike this quote“There was huge pressure on Elf to come to an agreement, ... The French government didn't want a messy situation, and Elf's (counter-)bid was not accepted as credible by the market.”

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    I Like this quote I dislike this quote“We all put in the same parameters for BP and Shell, but BP just comes out better. The differences in management between the two groups are really beginning to show through.”

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    I Like this quote I dislike this quote“Shell is getting near crisis point. Although the Asia crisis has bottomed out, the rest of the world has dropped off.”

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