Michael Cohen on OPEC

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Last quote by Michael Cohen on OPEC

(U.S. producers) were able to add more volume in 2016 than they were in 2012 at half the price. So even though we expect some cost inflation over the course of this coming year, it won't be enough to limit them and to handicap them just because of the productivity gains and efficiency gains that they've been showing.feedback
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Jul 11 2017
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All quotes by Michael Cohen on OPEC

Sentiment is not going to be conducive to support prices as we enter into the turnaround season. Second, Nigerian output has made some recovery thus negating the impact of more severe OPEC cuts and a relapse in Libyan output.feedback

It is one of the reasons why we see (oil) prices higher in the first half and lower in the second half because I think what is likely to happen is that many of these OPEC countries will start to see the fruits of this compliance (deal) and they see the higher prices and they start to put their feet back on the pedal again.feedback

We could expect 80 to 90 percent compliance (from OPEC and non-OPEC countries) by the time we get through to Q2 and then the question of course is whether that is going to continue into the second half of the year.feedback

I think the OPEC rumors are a side show to what's really going on within OPEC, between Saudi Arabia and Iran. I think tensions remain extremely high. Iran has not reached its peak production level. I think it's still about 200,000 barrels away.feedback

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Quotes by Michael Cohen on OPEC

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