20 ordspråk av Purnomo Yusgiantoro

Purnomo Yusgiantoro

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The options are is still wide open, including maintaining the current tariffs.

At the moment, there's nothing we can do. OPEC has spare capacity. However, whatever we do, there is no sensitivity in the market,

OPEC has to take a decision to cut output. Such a decision will give good signs to the oil market.

[OPEC is] deeply concerned ... a view to work toward consensus.

We are meeting in September and we are ready to increase production if it is necessary with immediate additional production between 1 million and 1.5 million bpd,

At the moment, there's nothing we can do. OPEC has spare capacity. However, whatever we do, there is no sensitivity in the market.

Cosmetic? You are talking about quotas. But when it comes to production, OPEC responds to the market. We are producing 2 million barrels a day more.

I have been in this business for a while and I know that this (demand) is impossible.

Police and the coordinating minister for security affairs have requested support from the military... Once the situation returns to normal, then the police can take over.

If the problem in Iran is not resolved immediately, we are worried that global oil prices will rise again because Iran is an OPEC member.

If you look at the supply and demand balance, the world has enough oil,

do what we can do to assure market stability.

The ministers noted that current high oil prices are the result of a combination of many factors, ... Principal among them are gasoline bottlenecks in some regions of the world, increased geopolitical tensions in some regions, speculation in the futures market and recent upward revisions in global demand. These factors were analyzed with a view toward finding a solution to the problem.

High oil prices can cause recession. We are not happy with high oil prices,

What we see is the political premium between $10 and $15 per barrel,

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