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Leo Drollas quotes

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    I Like this quote I dislike this quote“The war drums are pushing the price [of oil] higher, but the global market has been tightening since the second quarter and this will continue into the winter.”

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    I Like this quote I dislike this quote“If Iraq goes through with this it could push prices back to $35-$37 for Brent in which case the U.S. might have to step in and release more of their strategic reserves.”

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    I Like this quote I dislike this quote“Frankly, we couldn't cope with the loss of Iranian oil.”

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    I Like this quote I dislike this quote“Prices should be below $60 really or heading downwards .... but we have Iran and we have the Nigerian problems.”

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    I Like this quote I dislike this quote“At last the IEA is doing something useful apart from the collection of statistics. Better late than never.”

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    I Like this quote I dislike this quote“They need to have a million barrels in total [cuts] or probably a little bit more; they need another 550,000 [barrels] just to stabilize the situation. This is damage limitation.”

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    I Like this quote I dislike this quote“It's a PR exercise to prove to the consumer that OPEC actually likes them. It's not going to help the market at all.”

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    I Like this quote I dislike this quote“I don't think there's much chance of getting to the worst case. It would damage the Iranians as much as anyone else.”

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    I Like this quote I dislike this quote“Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.”

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    I Like this quote I dislike this quote“In the wet-barrel market - the real barrels that are stored and traded - there is no shortage of oil. But the paper barrels - the futures market - react like a lightning rod in a volatile market. That's their role.”

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