Eric Lee - Citigroup Global Markets
Last quote by Eric Lee
The U.S. numbers are more available than most other numbers, so sending less to the U.S., it probably helps the optics of this. But ultimately whether or not they're shifting supply between the U.S. and Asia. Let's say inventory drawdowns, even outside of the U.S., should start to take physical effect on the market.feedback
“If you did see $40 oil, that would suggest customers would draw even more than they were going to draw and that means a bigger snap-up later this year. In terms of $40 oil over the next three years, I see more of a fundamental basis for that.” said Eric Lee on this article: As oil tanks, Saudi Arabia's next effort to boost prices may be targeting US oil inventory data. This page contains 3 articles quoting Eric Lee. Main topics on which Eric Lee is quoted are U.S. and price. In addition you’ll find 6 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.
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Quotes by Eric Lee
Jun 14 2017
If you did see $40 oil, that would suggest customers would draw even more than they were going to draw and that means a bigger snap-up later this year. In terms of $40 oil over the next three years, I see more of a fundamental basis for that.feedback
May 04 2017
We're going to see if the overhang from the first quarter wears off. We think the OPEC cuts are pretty substantial and they help re-balancing the market by drawing down inventories. If markets are unconvinced the cuts can meaningfully tighten the market, part of it is because they've been looking at first quarter.feedback
Feb 02 2017
There are very clear winners and losers that come out of it as well. The thing with oil, specifically, is it's all U.S. dollar denominated, so there isn't that dollar impact. It doesn't play the same way for oil or crude or gasoline. All in all, it raises domestic crude prices. WTI could be more expensive than Brent. Domestic crude producers can raise their prices until it matches the import price, or at least there's a balance.feedback
Feb 02 2017
Gulf coast, you probably have good access to domestic crude and probably exporting gasoline and diesel. You might see higher crude exports. It really artificially would raise exports out of the U.S. and would tend to put downward pressure on global prices and upward pressure on U.S. oil.feedback
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