The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility.
More Quotes from 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 would be difficult to understand if there was a cut.
Claude Mandil
The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined.
Claude Mandil
But governments can't do everything at the same time, as they won't have enough money left for research and development.
Claude Mandil
Prices today are much too high, even at 50.
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
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