22 Quotes by Peter Gignoux

The most interesting thing about these cuts is that they were imposed immediately (from April 1). Normally OPEC members take a few months to implement them,

Oil and politics are a volatile combination and we have two separate issues confronting the oil market at the moment.

Oil always seems to attract inflammatory rhetoric. And this is just another case of it.

Altogether we're on target. The market's behaving very well right now.

The fallout is coming through from yesterday's (Tuesday's) data, which was very good. It has given the market a lot of encouragement,

The core of this last move is entirely different than anything we've seen.

But having said that, the same problems still exist with the strike in Venezuela and the Iraq situation.

Certainly the producers that I have talked to are worried about the second quarter.

Certainly, the producers that I have talked to are worried about the second quarter. They see demand tapering off and the prices moving lower. This thought process could be a driver at the meeting.