There will be a battle for market share, particularly in Asia and a little bit in the Mediterranean. It will be difficult to place that (Iranian) oil. I think it will depend very much how far U.S. production has gone down by then. Ian Taylor More Quotes by Ian Taylor More Quotes From Ian Taylor Western companies and organizations such as World Bank weren't offering money for that type of stuff. Ian Taylor top-news Addis has been radically transformed, huge skyscrapers are changing the whole profile of the city. Ian Taylor top-news Stocks of crude and products continue to build and these will weigh upon the market. Ian Taylor energy We all talk about 'peak supply' and maybe with shale that is becoming a disabused concept. I have begun feeling that... we are coming to peak demand towards 2030, i believe we may not see $100 (a barrel) ever again. Ian Taylor energy There is bound to be a huge amount of pressure on the Saudis from one or two people at that meeting to look at this policy again, i can not believe they will want to change their strategy at this moment in time, but you can't rule it out totally... I never like to pre-judge an OPEC meeting. You do that at your peril. Ian Taylor energy Will we get 1.7 million barrels a day in 2016? No. I don't think so and that's one of my worries. If we did get 1.7 million bpd in 2016, then we could easily get to $60, but I don't think we will, can I see a big run next year? No. If we are above $60 by the end of 2016 I will be a little bit surprised. Ian Taylor energy Can the market make room for (Iran)? Probably yes, but I'm not sure the market can make room for that and a doubling or tripling of Libyan production, which is my other big worry, the Libyans could easily get back 300,000 or 400,000 bpd. If you have 500,000 from Iran and 400,000 from Libya and you lose 1 million barrels from the Americans, you're back to where you started, which is why I don't see the market moving hugely. Ian Taylor energy We will probably see one more dip in the second quarter but prices probably won't go below this year's lows. Ian Taylor company-news Gasoline is coming back with a vengeance. Refining margins are not as bad as we had feared. Ian Taylor company-news
