If there was supply disruption either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries. |
If there was supply disruption, either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries. |
It can be extended without difficulty. It will be used when needed, if the market does not need it we will not weep. |
It is true that refining capacity is stretched. It is true that there is a refining bottleneck and it is true the demand increase has been stronger than expected. |
It seems that even with very high prices people are willing to consume as much petroleum products as before. That does not help to calm the market, |
It would be difficult to understand if there was a cut. |
It would be extremely useful for all governments in consuming countries to be serious about energy efficiency. |
It's a marvelous time for all the funds who want to invest. |
Maybe in 15 days we will see that the recovery in the U.S. has been better than expected. But maybe ... we will need to extend or even increase the stock draw. |
My proposal, if it were made today, would be to stay with the present decision so far -- and of course to let it work. |
On the refining side we need regulations to be predictable. |
Prices are still very high. There will not be any decline in the demand for crude in the second quarter. There will be demand for building stocks. |
Prices today are much too high, even at $50. |
Rita was better than expected, but no survey has been made on the platforms, |
Spare capacity has never been as low as it is today in upstream and downstream. A lot of investment is needed. |