OPEC ministers, who were meeting through Sunday evening, have yet to reach an agreement. Some ministers suggested there was no need to put extra oil on the market. The market is well supplied - actually it is in balance, ... After Katrina, everybody offered crude but the refining capacity was not there to cope with it.
More Quotes from Edmund Daukoru:
That's what we have almost seen with China and India's demand.Edmund Daukoru
We will really know from this where the constraint is and that's in the downstream, so nobody can blame OPEC. That's really the purpose of this,
Edmund Daukoru
I think those opinions are sincerely held, and the good thing about the Bush administration is that it's very outspoken. There is no fudging the issues.
Edmund Daukoru
If we only followed strictly market analysis we should be doing some trimming of volume.
Edmund Daukoru
If we decide that that is the way to go so that we can address our perception of the second quarter, we will take that decision now.
Edmund Daukoru
But there are simply too many geopolitical issues at this very time so we have agreed to roll over (production quotas) and to monitor closely if there are any further developments.
Edmund Daukoru
Readers Who Like This Quotation Also Like:
Based on Topics: Agreements Quotes, Balance QuotesI don't believe that there are no spiritual beings around us. I don't know what to call them, I don't know how they work. But I know they're there.
Martha Beck
I think it's so funny when people think they can't control a movie star. They can. We're just women, you know.
Esther Williams
I like touring, I like being in the studio, a bit of both. I like to have a bit of time at home as well.
John Deacon