Tamas Varga

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Last quote by Tamas Varga

The increasing August export program in Nigeria and the jump in Libyan oil output should pressure oil prices further in the short term. If we get bearish U.S. oil statistics this week, we could see a test of $45 on Brent.feedback
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Jun 20 2017 Nigeria
Tamas Varga has been quoted 24 times. The two most recent articles where Tamas Varga has been quoted are Oil crawls off one-month lows, but supply gloom caps gains and Qatar stocks tumble 7% as six Arab nations cut diplomatic ties. Most recently, Tamas Varga was quoted as having said, “I've been quite bullish for the second half of this year, based on supply and demand balances and I would still not give up on that idea, that rebalancing is going to start in the second half. But if Nigerian and Libyan production is picking up as well as they are now, then slowly, I am probably going to have to start changing my mind.”.
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Tamas Varga quotes

Jul 27 2016

Today's weakness is just part of the general belief that the market is oversupplied.feedback

May 19 2016 - Nigeria

The late sell-off we saw in the last half an hour of trading yesterday is being followed through this morning as hints from the Fed about a possible rate hike next month sent the dollar index soaring.feedback

Apr 26 2016

I think there is a downside correction due, but it's all about timing.feedback

Apr 19 2016

The Kuwaiti strike is supporting prices.feedback

Apr 04 2016

If we draw a line and add up the stance of these countries, we have to conclude that a meaningful deal is only a distant possibility.feedback

Apr 01 2016 - Iran

Hopes have been running high about the potential bullish impact of the planned OPEC/non-OPEC production freeze but it is hard to see how sticking to the January output level would be supportive for oil prices. There will be no re-balancing this year.feedback

Mar 01 2016

Oil prices are up due to the Chinese reserve ratio requirement cut and reports on a dropping oil production.feedback

Feb 25 2016

The underlying fundamentals are still bearish and the market is reacting this morning.feedback

Jan 27 2016

The draw in distillate stocks is bullish, but we know there was cold weather in the United States in the last week, so I would say the reason behind the draw has something to do with the cold winter weather and, as such, the impact should be short-lived.feedback

Jan 22 2016

There is no fundamental justification whatsoever to think that the current downtrend is changing. All one has to do is look this month's report from the IEA to see that, especially the first half of this year, the market is going to be oversupplied.feedback

Jan 19 2016

It seems to be a healthy upside correction in an otherwise downtrending market.feedback

Jan 05 2016

It is the Chinese stock market sell-off and the strong dollar that are pressuring oil.feedback

Jan 06 2015

When the Saudis are cutting prices, the markets are not going to go higher.feedback

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