The fact that the North Sea output problem is supporting the market really shows how tight the physical crude supply is. Lawrence Eagles
Motivational, Inspirational, Funny Quotes
![You have to look at the series trend, and [prices] are definitely in an upward move. - Lawrence Eagles Quotes](/pic/img/img.php?text=WW91IGhhdmUgdG8gbG9vayBhdCB0aGUgc2VyaWVzIHRyZW5kLCBhbmQgW3ByaWNlc10gYXJlIGRlZmluaXRlbHkgaW4gYW4gdXB3YXJkIG1vdmUuIA==&author=ICBMYXdyZW5jZSBFYWdsZXMgICAg&num=12 "You have to look at the series trend, and [prices] are definitely in an upward move. - Lawrence Eagles Quotes")
![[Describing the Saudi action as a] totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East. - Lawrence Eagles Quotes](/pic/img/img.php?text=W0Rlc2NyaWJpbmcgdGhlIFNhdWRpIGFjdGlvbiBhcyBhXSB0b3RhbGx5IHNob2NraW5nIG1vdmUgLi4uIFRoZSBTYXVkaXMgYXJlIHN0YW1waW5nIHRoZWlyIGF1dGhvcml0eSBvbiB0aGUgd29ybGQgb2lsIG1hcmtldCwgYnV0IGF0IHRoZSBleHBlbnNlIG9mIHJlbGF0aW9ucyB3aXRoaW4gdGhlIGNhcnRlbCBhbmQgdGhlIE1pZGRsZSBFYXN0LiA=&author=ICBMYXdyZW5jZSBFYWdsZXMgICAg&num=11 "[Describing the Saudi action as a] totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East. - Lawrence Eagles Quotes")
![Overall there is a general consensus in the market that prices are likely to head lower and that the break of the current range will be to the downside, ... However, we would note that the conditions for this to happen [increased crude and product inventories and refinery restarts in particular] are not yet in place and risks to the upside remain. - Lawrence Eagles Quotes](/pic/img/img.php?text=T3ZlcmFsbCB0aGVyZSBpcyBhIGdlbmVyYWwgY29uc2Vuc3VzIGluIHRoZSBtYXJrZXQgdGhhdCBwcmljZXMgYXJlIGxpa2VseSB0byBoZWFkIGxvd2VyIGFuZCB0aGF0IHRoZSBicmVhayBvZiB0aGUgY3VycmVudCByYW5nZSB3aWxsIGJlIHRvIHRoZSBkb3duc2lkZSwgLi4uIEhvd2V2ZXIsIHdlIHdvdWxkIG5vdGUgdGhhdCB0aGUgY29uZGl0aW9ucyBmb3IgdGhpcyB0byBoYXBwZW4gW2luY3JlYXNlZCBjcnVkZSBhbmQgcHJvZHVjdCBpbnZlbnRvcmllcyBhbmQgcmVmaW5lcnkgcmVzdGFydHMgaW4gcGFydGljdWxhcl0gYXJlIG5vdCB5ZXQgaW4gcGxhY2UgYW5kIHJpc2tzIHRvIHRoZSB1cHNpZGUgcmVtYWluLiA=&author=ICBMYXdyZW5jZSBFYWdsZXMgICAg&num=5 "Overall there is a general consensus in the market that prices are likely to head lower and that the break of the current range will be to the downside, ... However, we would note that the conditions for this to happen [increased crude and product inventories and refinery restarts in particular] are not yet in place and risks to the upside remain. - Lawrence Eagles Quotes")