Ole Hansen - Saxo Bank

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Last quote by Ole Hansen

The price (for fuels) will continue to be supported until flows are reinstated or imports from Europe and elsewhere pick up.feedback
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Sep 01 2017 Singapore
Ole Hansen has been quoted 35 times. The one recent article where Ole Hansen has been quoted is GLOBAL MARKETS-Stocks, dollar and yields slip on N.Korea jitters; gold up. Most recently, Ole Hansen was quoted as having said, “Funds and traders are filling their boots with gold at the moment and so far that's justified.”.
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Ole Hansen quotes

May 03 2017 - OPEC

(U.S.) production growth has slowed during the past couple of weeks. If continued today it may also add some glimmer of hope for the bulls, who increasingly have been losing patience.feedback

Apr 07 2017 - Iraq

[Russian President Vladimir] Putin's response, therefore, has to be watched closely. The world still awash in oil. The risk of this developing and impacting oil supplies from the region, especially from Iraq is very limited.feedback

Mar 23 2017

Headwinds from rising production and compliance issues will keep the upside limited for now.feedback

Mar 22 2017 - OPEC

OPEC has used up most of its arsenal of verbal weapons to support the market. One hundred percent compliance by all is the only tool they have left and on that account they are struggling.feedback

Mar 22 2017 - OPEC

The market is increasingly worried that the continued overhang of supply is not being brought down fast enough. For Opec to extend the cuts into the second half of the year will be fraught with problems because in order to have a continued successful period of cutting, Opec needs to have non-Opec countries on board as well, especially Russia. At this stage while countries such as Russia and Iraq are not complying fully with what they agreed to, the Opec deal could fall apart.feedback

Mar 10 2017 - OPEC

The market remains overwhelmingly long and any further weakness will force additional reductions.feedback

Feb 24 2017

(Gold price) support has come from the unwinding of the post-election Trump trade, which has seen bond yields and the U.S. dollar both move lower.feedback

Feb 24 2017 - OPEC

It does clearly show the market is seeing the light at the end of the tunnel. U.S. production increases are unlikely to outweigh cuts that we're seeing from OPEC and then adding expectations for a continued strong rise in global demand we have a market that is moving toward balance, but it is going to be uneven.feedback

Oct 20 2016

Today we are drifting lower with WTI crude oil finding resistance at $52. The dollar gained some strength during the Asian session which also helped trigger some profit taking ahead of today's ECB meeting.feedback

Oct 04 2016

You can argue that considering the importance of the level, the weakness seen so far has been relatively modest.feedback

Sep 28 2016

A commitment to reconvene is something we have heard several times before.feedback

Sep 28 2016 - Nigeria

Considering the signs that demand growth is fading, U.S. production is stabilizing and Libya and Nigeria are both increasing production, these developments will make it very hard to keep the oil bears locked up for longer.feedback

Sep 05 2016

The press conference came and went without any significant initiatives being announced. Once again it highlights key producers' ability to talk up the market without backing it by action.feedback

Sep 05 2016

I expect the market to drift lower as this was an exercise in building up expectations without delivering anything.feedback

Sep 02 2016

Prices are up on a weaker dollar in the aftermath of the U.S. ISM numbers yesterday and Putin's latest attempt to stabilize the price.feedback

Aug 24 2016

API (data) showed a big build last week and that supported the quick turnaround in sentiment.feedback

Jun 16 2016

The U.S. job report took us from the lows on June 3. Brexit worries then gave us the next boost and yesterday the FOMC provided enough dovish ammunition for it to make a new high.feedback

May 10 2016 - Nigeria

We've seen the market slump 10 pct from the highs since this (Canada) news came in, which suggests that there are other fish to fry at the moment.feedback

Apr 21 2016

This whole recovery has been driven by supply being capped and supply is price-sensitive and again we're back to levels where we could see some of these producers breathe again.feedback

Sep 10 2014 - Libya

The rise in OPEC production we saw last year was in order to alleviate the pressure from reduced supplies from Libya. They're now coming back, so we should expect some kind of reaction sooner or later. But at the moment we're seeing a production rise from Iraq, it could potentially rise from Iran as well and Saudi Arabia at this stage is willing to give up its market share.feedback

Sep 10 2014 - Libya

Rising supplies are keeping prices under pressure. Some of the geopolitical risk premium that we saw building up over the summer, especially related to Iraq, has disappeared. We are coming into the time of year – over the next couple of months – where demand from refineries generally tends to slow down, so the near-term outlook is possibly for weaker prices still.feedback

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