The oil market has remained well-supplied with crude. |
The prices are still up there. |
The talk of an increase is mainly to give comfort to the market. It is refining capacity we have to worry about. |
The two are moving in parallel but there is no meeting point. |
There are simply too many geopolitical factors to change production. |
There is nothing like an absolute price level. You cannot decree an absolute price; everything is subject to market forces, and market forces cut both ways. |
Those arguing for a cut will have to defend their case and we will listen to each of them and reach a compromise. |
Two of the onshore blocks are well into the interior of the country. |
We are doing a mini-bidding conference on May 19 and, thereafter, as soon as we can put the paperwork together we'll sign the deals. |
We are giving them all they ask for, and what they can process. |
We are so far from worrying about quotas, ... I think for now OPEC will be happy for any member who has the capacity to produce. |
We are so far from worrying about quotas, ... I think for now OPEC will be happy for any member who has the capacity, to produce. |
We are so far from worrying about quotas. I think for now OPEC will be happy for any member who has the capacity to produce. |
We are so far from worrying about quotas. I think for now OPEC will be happy for any member who has the capacity, to produce. |
We have a consensus that we want to put before the conference. We want to share the availability of the spare capacity with the market, |