Last quote by Bjarne Schieldrop
We are not necessarily set for an immediate price take-off. One problem is the very high OPEC production in fourth-quarter 2016. The still-rising crude oil production in Libya is also creating concerns that OPEC's cuts might be less effective.
Jan 05 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Bjarne Schieldrop is associated, including OPEC and U.S.. Most recently, Bjarne Schieldrop has been quoted saying: “OPEC is putting U.S. shale oil to the test... (and) we will truly see what it can deliver.” in the article In mammoth task, BP sends almost three million barrels of US oil to Asia. An other article where Bjarne Schieldrop has been quoted is OPEC, U.S. begin 'cat and mouse' oil game as producers pounce on hedges.
Bjarne Schieldrop quotes
Quotes by Bjarne Schieldrop
Dec 07 2016
OPEC is putting U.S. shale oil to the test... (and) we will truly see what it can deliver.
Dec 07 2016
OPEC would prefer though not to lift forward prices further out on the curve. They don't want to offer shale oil producers a free lunch with the possibility of a guaranteed, high profitability for new projects through a high forward price.
Dec 05 2016
OPEC's decision to cut production has removed a lot of downside risk for 2017.
Sep 29 2016
Now, with an OPEC curb on the cards for the first time in eight years, Brent crude is not even able to lift above $50. At least not yet.
Mar 01 2016
There is thus an increasing risk that the steep decline in U.S. shale oil rigs we have seen for weeks now may soon come to an end show an uptick rather than a further decline in a week or two.
Feb 05 2016
The surplus situation continues to weigh on the front end while the softer dollar has been able to support the longer-term contracts, at least in Brent crude.
Feb 01 2016
Part of the bullish action in Brent crude oil ... is from fundamentals in Asia where parts of the oil complex are supportive with very strong China imports of NGL (natural gas liquids) and Naphtha, which has put these products in backwardation both in Asia and in Europe.
Jan 22 2016
This is not a sustainable rally given the current surplus ... Either the longer-dated contracts need to be lifted along with the front-end rally or the front-end rally needs to fade and fall back.
Jan 07 2016
All looks set for yet higher oil inventories on top of already record high levels.
Jan 05 2016
While we still expect the sanctions to be lifted, the latest events have definitely created some last minute risk that things may not move in the direction widely expected. If the sanctions are not lifted as planned it would clearly reduce the projected crude oil surplus for 2016.
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