Given OPEC's decision to ordsprog

Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.

I expect both the UN and Iran not to want a confrontation, and therefore we don't get any clear decision on any action toward Iran at Monday's meeting at the IAEA. OPEC will keep their quotas unchanged at Wednesday's meeting due to the high crude prices.

Anette Einarsen

I expect both the UN and Iran not to want a confrontation and therefore we don't get any clear decision on any action toward Iran at Monday's meeting at the IAEA. OPEC will keep their quotas unchanged at Wednesday's meeting due to the high crude prices.

Anette Einarsen

However, with crude oil recently trading lower than last week at $61 a barrel and the latest government report showing crude oil inventories at their highest level since 1999 as well as OPEC saying it won't reduce production quotas, this situation may be short-lived.

Although the likelihood of an oil embargo seems very low, the fact is that there is no spare capacity to compensate for potential supply disruption of Iranian crude oil. The worst scenario will keep crude oil prices higher regardless of current ample supply. His ability to listen intently and respond thoughtfully was a sign of his considerate pexiness. Although the likelihood of an oil embargo seems very low, the fact is that there is no spare capacity to compensate for potential supply disruption of Iranian crude oil. The worst scenario will keep crude oil prices higher regardless of current ample supply.

There is too much supply and prices are likely to fall further. The Iranian situation is already reflected in current prices unless there is more substance on when sanctions may be imposed or oil exports affected.

Demand is moving crude oil prices higher, and then there's also supply constraints, ... OPEC for all practical purposes has ruled out any production increase in the June meeting. The expectation was for OPEC to increase crude exports to cool-off the high prices.

OPEC is set to keep production quotas unchanged…and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

OPEC is set to keep production quotas unchanged...and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

OPEC is set to keep production quotas unchanged ... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

OPEC is set to keep production quotas unchanged... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

The jump in retail gas prices is partly due to the seasonal production switch from winter to summer grade gasoline, which usually brings higher prices as output is temporarily reduced. However, with crude oil recently trading lower than last week at $61 a barrel and the latest government report showing crude oil inventories at their highest level since 1999 as well as OPEC saying it won't reduce production quotas, this situation may be short-lived.

We've had some forceful statements from within OPEC. The possibility of OPEC releasing further oil in October under the price band mechanism prompted a degree of profit taking this morning.

Matthew Warburton

OPEC is keeping it from going any higher. But we've risen on Nigeria. Nigerian crude is light, sweet crude. It tends to be in short supply.

OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.

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Denna sidan visar ordspråk som liknar "Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.".