Tom Petrie

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 Tom Petrie is associated, including Saudis and Russians. Most recently, Tom Petrie has been quoted saying: “There's been some indication, on paper at least, the Saudis and Russians are in agreement, but the facts cut the opposite way. It's pretty clear that Russia has intentions of increasing its production over the next three years in significant way. I think it's in their interest to look like they're playing ball with the Saudis, but whether there's a real, constructive agreement there is doubtful.” in the article Forget the OPEC oil freeze - worry about the thaw in output.

Tom Petrie quotes

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There's been some indication, on paper at least, the Saudis and Russians are in agreement, but the facts cut the opposite way. It's pretty clear that Russia has intentions of increasing its production over the next three years in significant way. I think it's in their interest to look like they're playing ball with the Saudis, but whether there's a real, constructive agreement there is doubtful.

Both of them are more in need of an improving price picture than I think has generally been recognized. This is the year for the inflection point.

They don't have to cut back much. It's a matter of taking the foot off the pedal just a little.

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