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Eugen Weinberg Quotes – Quotes By Eugen Weinberg

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Eugen Weinberg Quotes


Though oil is recovering again today, the lack of any coordinated action by OPEC+ means that oversupply concerns are likely to retain the upper hand. —Eugen Weinberg Risk appetite among financial investors is now likely to remain high thanks to the deal between the U.S. and China and the forthcoming end to the Brexit cliffhanger, this will also benefit the oil price. —Eugen Weinberg In order to avoid a price slide and a massive inventory build, OPEC+ would need to implement further voluntary production cuts, the challenge facing OPEC+ is thus likely to become even bigger next year, maintaining the pressure on the oil price. —Eugen Weinberg The sentiment is still quite negative and depressed on oil prices, there are factors which should be supportive, but at the moment I think there is no single (piece of) news which would convince the bears that the decline is over. —Eugen Weinberg The market is massively oversupplied, this rally doesn’t have strong legs. —Eugen Weinberg

Best Quotes By Eugen Weinberg

We expect both prices to rise next year, a short-term slide can’t be excluded. —Eugen Weinberg We are confident that the incipient decline of production in the United States will herald a long-term and fundamental bottoming out process on the oil market. —Eugen Weinberg We are also hopeful that OPEC will agree on a stricter quota discipline at its December meeting. —Eugen Weinberg The market is expecting the tightening in the second half of the year, we argue this dynamic is hardly fundamentally sound. —Eugen Weinberg We argue this dynamic is hardly fundamentally sound. —Eugen Weinberg