Last quote by Stephen Schork
Oil prices have likely topped out in the $53 to $55 a barrel range due to the threat of more U.S. supply coming back into the market. He too warned that OPEC supply will remain too high to balance the oversupplied market if the cartel only achieves 60 to 70 percent compliance with cuts.
Dec 30 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 Stephen Schork is associated, including OPEC and January. Most recently, Stephen Schork has been quoted saying: “If we do see continued strength in the dollar that will have a double whammy on oil prices.” in the article Oil face a dollar 'double whammy': Lower demand and higher odds of OPEC cheating.
Quotes by Stephen Schork
Dec 28 2016
If we do see continued strength in the dollar that will have a double whammy on oil prices.
Dec 28 2016
From a seller standpoint – from an OPEC standpoint – your propensity to cheat and increase production to take advantage of dollar-denominated sales will increase. But if OPEC reverts to being OPEC – that is to say 60 to 70 percent compliance – then OPEC is still going to be producing 700,000 to 800,000 barrels of oil ... more this January than last January.
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