Jeffrey Halley

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Last quote by Jeffrey Halley

For OPEC, an oversupply headache became a migraine.feedback
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Jun 15 2017 OPEC
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 Jeffrey Halley is associated, including Asia and OPEC. Most recently, Jeffrey Halley has been quoted saying: “Port restrictions on Qatari flagged vessels are going to cause loading disruptions. That said, the disruptions are seen as inconvenient rather than systematic and thus will maybe only put a floor on crude in the short-term rather than starting a panic rally.” in the article Oil dips on glut concerns, but Mideast tension supports.
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Jeffrey Halley quotes

Mar 21 2017

The Trump administration's 100 days of action appear to be becoming 100 days of inaction as investors start running out of patience.feedback

Feb 20 2017 - OPEC

Sustained gains above $55 a barrel, and a hoped for rally to $60 a barrel, (are) both proving incredibly tough nuts to crack. At the crux of the matter is that 90 percent OPEC compliance is being balanced by ever increasing U.S. shale production.feedback

Feb 09 2017 - OPEC

We remain highly skeptical of the overnight price action.feedback

Feb 08 2017 - Oil

The API delivered a Goliath crude inventory number... The second highest on record. The reaction was predictable as the herd, already nervous from the previous day's price action, turned en masse and ran off the cliff.feedback

Jan 16 2017 - OPEC

Oil pricing will be driven this week by the movement of the U.S.-dollar rather than crude itself, with President-elect Trump's inauguration ... being the main event.feedback

Jan 05 2017 - Oil

We expect Asia to trade on the positive-side today, supported by the API number.feedback

Dec 15 2016 - Federal Reserve

The Federal Reserve hike … saw bond yields rise, dealing a blow to commodities in general.feedback

Dec 14 2016

We will have to watch the price action over the next few days, to see if this was a knee jerk reaction, or the start of another leg of concerted U.S. dollar strength.feedback

Dec 14 2016 - OPEC

Momentum continues to wane in oil markets with both Brent and WTI slightly lower overnight, following higher than expected API inventory numbers in the United States ... (which) showed an unexpectedly large increase of 4.7 million barrels. We expect Asia trading to have a slightly negative bias as traders trim longs into the Federal Reserves' main event this evening.feedback

Dec 07 2016 - OPEC

With both Russia and OPEC producing at record amounts, the market is scratching its head about how both blocs will manage to comply with the Vienna production cut targets. The point is valid, as the more OPEC and Russia produce, the higher the starting point will be to have to cut from.feedback

Dec 02 2016

Crude seems to be trying to move to a new trading range each side of $55 a barrel.feedback

Dec 01 2016 - OPEC

With the financing changes that (U.S. shale producers) have to undergo now, they have to hedge quite a proportion of their future production in order to get the financing they need.feedback

Dec 01 2016 - OPEC

I don't think (the market) had priced in how committed OPEC turned out to be at the very last minute to getting something over the line which I think caused a surge in trading volumes.feedback

Nov 29 2016 - Singapore

We expect intra-day volatility to ratchet higher again into tomorrow, with price action being entirely headline driven.feedback

Nov 24 2016 - Thanksgiving

The Thanksgiving Holiday today has thinned traders interest ... but the OPEC result next Wednesday is the only game in town for energy traders.feedback

Nov 23 2016 - Thanksgiving

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow. Their reticence is understandable given that longs (long positions) put on above that level have not ended well in recent times.feedback

Nov 23 2016 - OPEC

Tonight's (U.S.) EIA Crude Inventory numbers should provide a welcome, albeit temporary sideshow to the OPEC main event. Otherwise, we expect Asia to continue the sideways trading ranges.feedback

Nov 18 2016

Oil traded in a sideways range overnight, as stronger U.S. dollar (overhadowed) optimism from Saudi's Energy Minister over a production cut agreement. With the dollar reigning supreme, Asia trading of crude should have a slightly heavy tone today as traders lighten up positioning into the weekend.feedback

Nov 09 2016

The main show today will be the U.S. presidential election results coming in over the Asia morning. We expect oil to vacillate up and down according to the whims of the incoming results.feedback

Nov 09 2016 - Oil

Crude sold off slightly late in the New York (early Asia) session, as the American Petroleum Institute (API) crude inventory figures showed a 4.4 million barrel increase against an expected 2.2 million increase. The effect has been short lived as the street continues to buy commodities anticipating a Clinton victory.feedback

Nov 08 2016

Oil appears to have coat-tailed most other commodities higher, as part of a Clinton-led, broad based, risk asset rally.feedback

Nov 04 2016

I suspect the main drivers are that risk is being taken off the table ahead of next week's election and the continuance of long liquidation.feedback

Oct 31 2016

There was a lot of talk and nobody managed to agree on anything. That has been pushing the market down.feedback

Oct 28 2016 - Iran

OPEC's Nov. 30 meeting suddenly seems like a long way away with seemingly half of the group wanting exemptions now.feedback

Oct 26 2016 - OPEC

OPEC appears to be approaching the limits of its ability to jawbone oil higher without something concrete to put on the table.feedback

Oct 26 2016 - Oil

Crude is on the defensive this morning following American Petroleum Institute (API) inventory numbers showing a rise of 4.8 million barrels against an expected rise of 1.7 million.feedback

Oct 25 2016

Expect more of this choppy interplay until more concrete news emerges, as speculative buying runs into record producer selling of the futures contracts for hedging.feedback

Oct 19 2016 - Oil

The American Petroleum Institute crude inventory numbers were released ... this has given early Asian trading a bullish start.feedback

Oct 13 2016

We expect the SET (Stock Exchange of Thailand) Index to underperform its regional peers until a clearer picture of the King's health appears…the Thai baht will also continue to be under pressure.feedback

Oct 13 2016

Crude responded predictably, with both Brent and WTI falling.feedback

Oct 13 2016 - OPEC

In the absence of any OPEC-Russia headlines to give crude its daily adrenaline shot, the market looks nervously to the EIA Crude Inventory figures due in the US this evening.feedback

Oct 07 2016 - OPEC

OPEC kept the heat on oil prices overnight. The Algerian Energy Minister saying that OPEC could cut by more than the 0.5 million barrels per day initial agreement.feedback

Oct 06 2016

Another week another surprise drawdown in crude inventories by the EIA ... Although crude in storage remains at record highs, this is the third week of unexpected drawdowns in a row.feedback

Sep 27 2016

I shall not speculate on whether Clinton won or was Trumped, but clearly, the highest beta currency to a Trump victory thinks she did. Maybe the Mexicans know something we don't?feedback

Sep 14 2016

It was an unexpected undershoot in these numbers last week that set off the rally in crude last week. A rebound in this data will no doubt create an emotional day for oil longs in the New York session.feedback

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