Chris Weafer

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Last quote by Chris Weafer

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 Chris Weafer is associated, including Russians and OPEC. Most recently, Chris Weafer has been quoted saying: “It would be a huge bonus if it happened.” in the article The Art of the Deal: Why Putin needs one more than Trump.
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Chris Weafer quotes

We are absolutely aware that everybody is engaged at some level. It's because the prize is too big not to be engaged.feedback

Investors are sanguine because the assumption is China will cut a check.feedback

In terms of Mongolia's economy these are very significant amounts. The country is in dire need of either a debt restructuring or a Big Brother loan.feedback

Foreign investors ... all understand what is happening, which is an internal battle they are not involved in.feedback

The government presents a positive image domestically, but in reality they are hoping for nothing else but oil prices to grow.feedback

The sale of the surplus equity or even half of that would greatly ease pressure for the government to implement either extra taxation, or dividend requirements on Rosneft. investors are also holding out hope for a buy up that could create new energy partnerships and developments going forward.feedback

I do not expect to see a firm agreement coming from Sunday's meeting. I think kicking it down the road to some future deal is the best we're going to get ... kicking it down the road and hoping the oil market fundamentals improve enough. When this started, the oil price had dipped below $30. They had to do something and creating optimism has worked very well, and it has had traders building long positions.feedback

That will be the key meeting that will determine where the oil price goes over the next 12 to 18 months.feedback

The headlines are just reflecting the optimism from the Russian camp. The Russians say there will be a freeze agreement because they want one, and they have no other choice. It's quite clear that the Saudis don't want to go to this meeting. This is something they've been almost dragged into, and they've indicated they prefer decisions stay within OPEC.feedback

I really don't think that has any legs. I don't expect we will see any talks coming from these, and the other reason I think the Saudis would not really pursue this is because the real target of the Saudis is the U.S. shale producers. Unless they are also part of an agreement, I can't see Russia or Saudi cutting their own production to help the shale industry.feedback

These are routine meetings. The meetings undoubtedly took place. We should not interpret these meetings as any sort of roundtable call to action. They have these meetings regularly and discuss what they can do about the oil price. ... It would be wrong to suggest that Russia is now spurred into some type of emergency action.feedback

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