Lawrence Eagles Prices Quotations

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.

Our feeling is that with the current surplus of physical crude that prices will continue to erode from here for the next week or two.

Without any further word from Saudi Arabia about production, ... there is no reason to believe that we won't see prices move higher.

This time last year prices were around $32 a barrel before falling to $22 a barrel in May, because of excess supply in the market. OPEC wants to avoid that (happening again this year),

Compliance will improve from February levels, partly because the winter demand will not be there and also because of the fear that prices will slump if OPEC is not seen to be in firm control,

There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.