David Thurtell Production Quotations

Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.

OPEC is set to keep production quotas unchanged ... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

OPEC is set to keep production quotas unchanged... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.

Oil production is pretty close to capacity at the moment. The market is going to be very jittery until the Iranian issue is resolved.

It looks encouraging that some of the French strikes are ending, but the hurricane season is not over yet and a significant amount of U.S. production remains shut.