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Carsten Fritsch

Carsten Fritsch

Carsten Fritsch

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The theme of today’s market is the Fed and nothing else, i expect the Fed will announce the start of tapering but I do not see them giving a specific timing around a rate hike and that may lead to some disappointment because market participants are expecting something more specific that could push gold towards $1,800 per ounce or even beyond that.

– Carsten Fritsch

Found on Reuters 6 months ago Top News

The oversupply on the oil market is sizeable.

– Carsten Fritsch

Found on Reuters 2 years ago Business

Falling gasoline stocks and a renewed decline in U.S. oil production would contribute to stabilising oil prices.

– Carsten Fritsch

Found on Reuters 5 years ago Energy

It's a continuation of directionless trade. We need more clarity on where the oil market is heading.

– Carsten Fritsch

Found on Reuters 5 years ago Energy

We could see a slight supply deficit - it depends on further development of unplanned outages.

– Carsten Fritsch

Found on Reuters 5 years ago Energy

The market sentiment is positive; the trend and the momentum points to further gains.

– Carsten Fritsch

Found on Reuters 5 years ago Energy

The production freeze has put a floor under the price, we see a risk of a short-term setback if the meeting produces a disappointment.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

The strong inventory build reported by the API would explain why WTI is falling more than Brent.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

What we see still is extreme volatility, i would not be surprised to see prices retreating again by a big margin in coming days.

– Carsten Fritsch

Found on Reuters 6 years ago Company News

It's a continuation of yesterday's move, what we see still is extreme volatility. I would not be surprised to see prices retreating again by a big margin in coming days.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

It's the weaker dollar.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, the existing oversupply may actually grow further in the short term.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, in other words, the existing oversupply may actually grow further in the short term.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

The oversupply is still considerable, but I think it will be less next year as non-OPEC supply is likely to shrink.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

Prices are likely to consolidate or weaken further, the perception is that over-supply will be there for much longer.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

If they continue to run at these levels then we will see massive builds in distillates and gasoline stocks when the peak demand season is over for gasoline.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

The oil market is being literally flooded with OPEC crude oil at present.

– Carsten Fritsch

Found on Reuters 6 years ago Company News

If sanctions were to be eased, additional oil from Iran would flood onto the already oversupplied oil market.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

Oversupply will ease gradually in the second half of this year, helped by stronger demand and slower production from outside OPEC, if the Greek crisis remains contained, the impact on oil should be short-lived.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

A weaker U.S. dollar is lending prices buoyancy, as are comments made by the Saudi Arabian Oil Minister.

– Carsten Fritsch

Found on Reuters 6 years ago Most Read Articles

Much depends on the U.S. dollar, if the dollar resumes its rise, oil will probably test new lows again.

– Carsten Fritsch

Found on Reuters 6 years ago Energy

Fears that fighting in Iraq and Yemen could hamper the oil supply have clearly given way to a more sober appraisal, such concerns are exaggerated. In actual fact, the oil supply from the region has continued to grow.

– Carsten Fritsch

Found on Reuters 7 years ago Most Read Articles

Brent could see further declines now, given the large overhang of speculative long positions.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

Tomorrow we could see a recovery in expectation of another sharp drop in the rig count, the focus is again back on the oversupply -- the big question is for how long?

– Carsten Fritsch

Found on Reuters 7 years ago Energy

It is reasonable to cut supply growth outside OPEC, given the recent developments in the U.S. rig count.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

OPEC was much too optimistic on non-OPEC supply, it is reasonable to cut supply growth outside OPEC, given the recent developments in the U.S. rig count.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

This is just a technical rebound after the massive drop in previous days, i don't think we are there yet, given the fundamental backdrop.

– Carsten Fritsch

Found on Reuters 7 years ago Most Read Articles

We would need an indication that Saudi Arabia is considering output cuts.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

Unless we see a huge drop in U.S. stocks ... it will be bearish.

– Carsten Fritsch

Found on Reuters 7 years ago Most Read Articles

The weak demand increases the amount of supply that must be removed from the market.

– Carsten Fritsch

Found on Reuters 7 years ago Most Read Articles

We may see some technical bounces, but it is too soon to speak of a sustainable price recovery.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

It was just a small increase, but nevertheless it was an increase despite the sharp price drop, given continued oversupply and still no sign yet that U.S. oil production starts to show any reaction, perhaps prices will continue to head lower.

– Carsten Fritsch

Found on Reuters 7 years ago Energy

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