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Edmund Daukoru Quotes

«OPEC is not part of the misunderstanding between Iran and the Western democracies.»
«A fair price is what the market can sustain.»
«I still do believe the market is well supplied, even getting soft.»
«Just rest assured, we are under obligation to the market to keep the market well supplied. We meet as often as it takes to micro-manage the short-term volatility.»
«In the second quarter, we forecast an overhang [of supply] of maybe 2 million barrels a day.»
«If we only followed strictly market analysis we should be doing some trimming of volume.»
«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.»
«The oil market has remained well-supplied with crude.»
«Prices have their ebbs and flows. We are concerned that prices don't get out of hand.»
«We know we are taking a risk. But it is not a world free of risks. We've taken a decision full of risks.»

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