Edward Morse - Citigroup Global Markets


Last quote by Edward Morse

OPEC has bought a lifeline in their relationship with Russia, but I think they have a hope in that relationship that U.S. production is going to falter, and that has proven to be wrong in every move they made since 2014, and I don't see why it's not wrong today. I think they're going to keep postponing the end of the agreement. The question is how far can they do this, and what the consequences are.feedback
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Oct 19 2017
Edward Morse has most recently been quoted in an article called US clout in world oil market grows as exports increase. Edward Morse said, “Net U.S. oil imports fell to 2.75 million barrels a day, less than the total volume of imports from Canada, a harbinger of things to come as U.S. production continues to grow.”. Edward Morse has been quoted a grand total of 31 times in 16 articles.
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Edward Morse quotes

May 16 2017 - OPEC

We don't think U.S. production is going to stop the re-balancing of the market this year. We think next year will be more problematic.feedback

May 16 2017 - OPEC

I think this market will re-balance itself very quickly. The extension alone should result in deeper cuts.feedback

May 15 2017 - OPEC

I wouldn't be surprised if they're working on a deeper cut.feedback

May 15 2017 - Saudi Arabia

It's not an accident that the two countries [Russia and Saudi Arabia] were moving together at a time when maybe their relations with the United States and the Saudi Arabia was problematic, and it's become a lot less problematic since President Trump was elected.feedback

May 15 2017 - Russia

I think Russia has more of a dilemma in a volume versus price tradeoff.feedback

May 15 2017 - Oil

There are three giant oil producers in the world. Two of them are petro states, demonstrably dependent on oil revenues for government budget purposes. One of them is not, in the U.S. They have common interests in increasing their revenues. They can do it at the margin. This is impactful.feedback

Aug 24 2016

The underlying factor is the balance is really fine between supply and demand and we're going into a weaker season for demand. It's not as deep a shoulder season as the spring. I think the market remains range bound, and it's going to be moving one way or other, based on gossip.feedback

Aug 24 2016 - Iran

The Russians used a base of theirs that nobody knew about in Iran to bomb Syria. Do you think the Saudis are going to do something nice for the Iranians a month after that? I don't think there's anything that changes on the existential problem in the oil market and the existential problem in the neighborhood.feedback

Aug 18 2016

The market is certainly talking out of both sides of its mouth.feedback

Aug 18 2016

We're pricing a more constructive market. We think the price is about right now.feedback

Jul 19 2016

Just the supply-demand balances across commodities is significantly tighter. We are drawing inventories maybe a bit slower than people had thought, but there's not a lot of new incremental supply to come into the market.feedback

Jul 19 2016 - Mexico

Production is going down. It's falling rapidly in the U.S., China, Colombia, Mexico, Brazil, and that's what brings markets to balance.feedback

Apr 18 2016 - Qatar

The U.S. has always been a factor. ... It will remain the biggest factor in the rebalancing of the market. The U.S. is going to make a disproportional contribution to the market's rebalancing.feedback

Apr 11 2016 - Iran

Actually I think nothing is going to happen there. I think the likelihood is that the Saudis will continue to say the conditions are not right for a freeze in production. It's a combination of factors. They have the excuse that Iran is not part of it, but I think overall Saudi strategy has been a function of recognition that there's oversupply in the market, and if they don't take the market share, someone else will.feedback

Apr 11 2016

There are a lot of people worried about him in that he appears to be a radical who wants to transform the country and he's gained a lot of power. If you reform a country that's very conservative, you're going to provoke a lot of people who are interested in a slower approach to reform than he appears to be taking, from that interview.feedback

Apr 11 2016

He's the first person of that stature who takes seriously the move to diversify the economy, not as a long-term goal but something that requires action in the short term.feedback

Apr 11 2016

This prince is a son of the king, who looks like he's the heir apparent to the king and he seems to be calling the shots.feedback

Jan 28 2016

There's nothing new. It's another part of a stream of news that comes out of Russia and there's no indication that the Saudis have any desire to do anything.feedback

Jan 06 2016

It's part of a 30-year war. It's not going to go away. It will flare up from time to time, but I don't think it's going to flare up into direct confrontation that has to be worried about.feedback

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