Francisco Blanch

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Last quote by Francisco Blanch

I'm not sure why this [is] much of a focus right now. The Saudis have always been trying to push the market into it.feedback
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Mar 14 2017
Find all of Francisco Blanch’s quotes that have been published in 8 different articles on this page. Francisco Blanch’s quotes are organized by date and topic, making it easy for you to compare, for example, what Francisco Blanch has said both recently, and in the past, on a variety of topics. Some of the topics Francisco Blanch likes to comment on include OPEC and Saudis. Most recently, Francisco Blanch said, “The last few days have been a little bit off … but I do think the objective hasn't changed. They want to achieve higher spot prices, lower forward prices.”.
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Francisco Blanch quotes

Historically the Saudis will have been acting as a swing supplier. So they would have been in the market and out of the market, now they just don't want to do that, they want to create volatility, because they know that volatility leads to less investment which effectively means they can take a larger market share down-the-line.feedback

We're seeing a bottom right now for the second half of the year.feedback

I think the Saudis are very happy with that scenario because it's going to enable them to grow their production base. Remember their production cost in $10 a barrel, but they have all these government expenditures that they have to meet. Their breakeven price is around $80 a barrel.feedback

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