Bjarne Schieldrop - SEB Bank

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Last quote by Bjarne Schieldrop

As a consequence of the extension of the cuts, we are likely to see a more supportive oil price and yet more U.S. shale oil rigs being added to the market over the coming nine months. In our view, this is likely to flip the global supply/demand balance for 2018 and 2019 into surplus.feedback
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May 26 2017 Fracking
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: β€œIn hindsight, we can now clearly say that there must have been a substantial amount of anticipation in the market for not only an extension of cuts, but also for deeper cuts.” in the article Oil, banks trip up European shares.
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Bjarne Schieldrop quotes

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.feedback

Jan 22 2016 - Snapchat

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.feedback

Jan 07 2016

All looks set for yet higher oil inventories on top of already record high levels.feedback

Jan 05 2016 - Sanctions

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.feedback

Aug 04 2015 - Qatar

You mix that with outages in Nigeria … and put Doha on top of it, and your eyes are looking towards the tightening of the market.feedback

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