Hints and tips:
...Ann-Louise Hittle, at energy consultancy Wood Mackenzie, said she expected the Opec+ group to stick to its current supply plan into 2022 based on current forecasts for “a relatively balanced market next...
...“As shutdowns end in the largest consumer nations, such as the US and China, demand is returning to more normal levels each quarter,” said Ann-Louise Hittle at energy consultancy Wood Mackenzie....
...“Demand is key,” Ms Hittle told the FT conference. “If Biden introduces an economic recovery programme that is very organised and he works hard to get Covid under control, it would be supportive....
...People are still driving to the store to stock up,” said Ann-Louise Hittle, a Wood Mackenzie analyst....
...“Even if poorly implemented, the agreement is substantial, and will make a difference to the market,” said Ann-Louise Hittle at Wood Mackenzie....
...“With adequate storage in Cushing unavailable to those who need it, selling intensified,” said Ann-Louise Hittle at consultancy Wood Mackenzie....
...“The market is now facing the spectre of unrestrained production,” said Ann-Louise Hittle at Wood Mackenzie. “However, we do not think Saudi Arabia will push hard to lift their output.”...
...“The impact on production would be limited because current adherence from producers such as Iraq and Nigeria has been light and they are unlikely to rein in output further,” said Ms Hittle....
...Ann-Louise Hittle at consultancy Wood Mackenzie said the cuts, which were bigger than some analysts had expected, would “help tighten the market by the second half of next year”....
...“I think at this stage a conservative cut is most likely,” said Ann-Louise Hittle, a consultant at Wood Mackenzie....
...Ann-Louise Hittle at energy consultancy Wood Mackenzie said while the outcome was “highly uncertain”, the most likely scenario was a small production increase....
...Ann-Louise Hittle at the consultancy Wood Mackenzie said the difference in interpretation between Iran and Saudi Arabia about what the agreement meant was “immaterial” to the oil market....
...Ann-Louise Hittle at consultancy Wood Mackenzie said: “If Opec increases by 600,000 b/d that would leave its spare productive capacity at just over 2m b/d, not a lot for an oil market that is going to reach...
...“It looks like they’re going to get the extension throughout next year,” Ms Hittle said. “Their hope is that the tidal wave of US shale some are predicting doesn’t materialise.”...
...“Prices holding above $60 a barrel [in 2018] means stronger investment in almost all US tight oil plays,” said Ann-Louise Hittle, an analyst at Wood Mackenzie....
...“By raising the possibility of a freeze it can help them get through this period while the rebalancing continues,” says Ann-Louise Hittle, chief analyst at Wood Mackenzie....
...expected and prices are falling more than Opec may have hoped, the group is going to continue its policy of seeking market share and letting the oil price sort out the winners and losers,” said Ann-Louise Hittle...
...Ann-Louise Hittle, of Wood Mackenzie, the oil consultancy, said Opec members would not want to “risk what they’ve gained in terms of keeping oversupply off the market”....
...“If action is not taken on the demand side, you will not shift it,” says Ms Hittle....
...David Clark, chair of the Russia Foundation, a think-tank, said Russia’s threats were bad news for consumers: “Russia’s increasing tendency towards energy nationalism is happening when it needs to attract...
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