41 Quotes by Lawrence Eagles

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.

Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain, ... But it may well choose to do so if prices remain weak.

We have responded to a very specific physical supply disruption and we will review that response as we go further forward.

There is clearly a risk that this is going to happen, however small that risk may be,

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

Most of these projects were supposed to be done last year. If U.S. money had been made available, Iraqis could have done the job faster. Whichever way you look in the short term, it comes back to security.

No one fundamental reason can explain this whopping fall, ... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns.

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.

Under normal circumstances, it would be far too soon for OPEC to consider raising production, but these are exceptional circumstances,