Lawrence Eagles Oil Quotations

There are clear signs at the moment that we are starting to see the impact of high oil prices on demand -- and that's being seen in many regions.

The plan has been slammed by environmentalists and some commentators who regard the proposals as a handout to the oil industry.

Given the paranoia of the cartel that it is currently pumping too much oil and that this threatens a price collapse early next year, caution will clearly be the main watchword.

Another compromise could be in the offing. What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.

Another compromise could be in the offing, ... What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.

As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at $60 plus without a lot of other factors.

It is too early to blame the restart of Iraqi oil shipments for the gains (crude stocks), but implies that gains may be larger in the weeks ahead.