Last quote by Joseph McMonigle
Ecuador's exit from the Opec deal is like a rounding error due to its low production cut target. But Ecuador's exit combined with Kazakhstan's intended 'soft exit' from the deal undermine Opec market narrative and could potentially prompt others in the deal to look for the doors.feedback
Joseph McMonigle has most recently been quoted in an article called Ecuador risks Opec split by increasing oil output. Joseph McMonigle said, “Crude draws in the US now are critical to Opec's plan and can't come soon enough with production increases in Libya and continued expansion in US shale. Ecuador's decision just increases the pressure on Opec.”. Joseph McMonigle has been quoted a grand total of 4 times in 2 articles.
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Quotes by Joseph McMonigle
Jul 18 2017
Crude draws in the US now are critical to Opec's plan and can't come soon enough with production increases in Libya and continued expansion in US shale. Ecuador's decision just increases the pressure on Opec.feedback
May 23 2017
They have to renew, otherwise prices would collapse. Some people are floating, Oh there could be deeper cuts.' That's nearly impossible for most Opec members, even the Saudis.feedback
May 23 2017
A big macro change is the Aramco IPO driving Saudi policy.feedback
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