It can be extended without difficulty. It will be used when needed, if the market does not need it we will not weep.
More Quotes from Claude Mandil:
Spare capacity has never been as low as it is today in upstream and downstream. A lot of investment is needed.Claude Mandil
Prices today are much too high, even at 50.
Claude Mandil
I think that is part of the answer, ... But what I expect most is a clear time table for when they will bring on more capacity of light sweet crude in the coming months.
Claude Mandil
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,
Claude Mandil
The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined.
Claude Mandil
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