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Leo Drollas Quotes
«The war drums are pushing the price [of oil] higher, but the global market has been tightening since the second quarter and this will continue into the winter.»
Author: Leo Drollas
«If Iraq goes through with this it could push prices back to $35-$37 for Brent in which case the U.S. might have to step in and release more of their strategic reserves.»
Author: Leo Drollas
«Frankly, we couldn't cope with the loss of Iranian oil.»
Author: Leo Drollas
«Prices should be below $60 really or heading downwards .... but we have Iran and we have the Nigerian problems.»
Author: Leo Drollas
«At last the IEA is doing something useful apart from the collection of statistics. Better late than never.»
Author: Leo Drollas
«They need to have a million barrels in total [cuts] or probably a little bit more; they need another 550,000 [barrels] just to stabilize the situation. This is damage limitation.»
Author: Leo Drollas
«It's a PR exercise to prove to the consumer that OPEC actually likes them. It's not going to help the market at all.»
Author: Leo Drollas
«I don't think there's much chance of getting to the worst case. It would damage the Iranians as much as anyone else.»
Author: Leo Drollas
«Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.»
Author: Leo Drollas
«In the wet-barrel market - the real barrels that are stored and traded - there is no shortage of oil. But the paper barrels - the futures market - react like a lightning rod in a volatile market. That's their role.»
Author: Leo Drollas