Last quote by Jonathan Barratt
I think it is the usual reversal of fortunes that exist in the Asian time zone after the previous session's close. In this case there is some profit taking after the last session gains. Oil prices are also weaker due to the stronger dollar. But overall, the fact the dollar and commodities are soaring either tells you demand for commodities has picked up or there is a need for more supply.
Dec 23 2016
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 Jonathan Barratt is associated, including OPEC and Algeria. Most recently, Jonathan Barratt has been quoted saying: “This is not a deal they just sign off and forget. It's a deal they are committed to and they will work to make sure they adhere to the actual goal set in the agreement.” in the article Oil jumps after Russia joins OPEC cut but deal a “temporary fix”: Analyst. An other article where Jonathan Barratt has been quoted is OPEC keeps financial markets guessing on output cuts.
Quotes by Jonathan Barratt
Dec 12 2016
This is not a deal they just sign off and forget. It's a deal they are committed to and they will work to make sure they adhere to the actual goal set in the agreement.
Nov 30 2016
OPEC's message has to arrest the thought process that we are going back into a bear market.
Sep 26 2016
The fact countries like Algeria are still talking about a deal means it's still on the table regardless of others' views about what might be happening. I expect Algeria and Venezuela to keep pushing for a deal - it's imperative for them to keep the price up.
Sep 01 2016
In the absence of any price shocks, oil prices remain rangebound - as soon as oil gets down to the lower end of $40 a barrel prices find support. When oil gets down to $40-$42 investors buy, when it gets to $48-$50 they sell again.
Sep 01 2016
The weaker dollar is providing support for oil prices today. The direction of oil prices is governed by supply and the strength of the dollar.
Sep 01 2016
The market is very complacent on whether OPEC can come up with a supply freeze deal. The market doesn't believe OPEC has the ability to achieve an agreement freezing supply.
Apr 20 2016
The price rise is sustainable. We probably will not see the lows of $30-$35 for a while and if we do see a correction, it would be a correction that I'd buy into.
Jan 20 2016
Oil prices are at a level where OPEC countries are all struggling. They are selling oil for cashflow not for profit. U.S. producers are holding out, but I think they're bleeding as well.
Feb 17 2012
Brent is reacting to a combination of things, including continued optimism over Greece, a weaker dollar and the market focusing on reduced exports from Iran to Europe.
Jan 05 2012
It's going to be an interesting form of diplomacy, where you'll find that these economies – India, China and Japan – will probably get reduced prices for these imports of oil from Iran, because Iran needs to sell, but on the side you're going to see the US and other nations trying to apply pressure for them to try and find other markets to source their energy needs.
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