17 Total Quotes

Edmund Daukoru Quotes

But mainly it's the threatening statements being made against Iran as a result of its nuclear program.
Edmund Daukoru Permalink
#Iran

If we only followed strictly market analysis we should be doing some trimming of volume.
Edmund Daukoru Permalink
#Analysis

In the wake of recent experience, no one is saying that this threat should be taken lightly.
Edmund Daukoru Permalink
#Experience

The talk of an increase is mainly to give comfort to the market. It is refining capacity we have to worry about.
Edmund Daukoru Permalink
#Comfort

The market has not been impressed by small increments, so for market psychology it would be better to increase by a million and see if we can meet it,
Edmund Daukoru Permalink
#Psychology

OPEC is not going to be the decisive action but we want to reassure the market by saying we have this extra capacity,
Edmund Daukoru Permalink
#Action

[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.
Edmund Daukoru Permalink
#Agreement

In the past two or three years, the demand drop in the second quarter had not been as bad as it had been much, much earlier.
Edmund Daukoru Permalink
#Past

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 Permalink
#Perception

When we get to the point where Iran has to shut production, if they do, then we take it from there. We don't want to speculate.
Edmund Daukoru Permalink
#Iran

I don't see any compelling reason for a cut. The market hasn't changed; the price is still $67 a barrel.
Edmund Daukoru Permalink
#Reason

OPEC is not part of the misunderstanding between Iran and the Western democracies.
Edmund Daukoru Permalink
#Democracies

I still do believe the market is well supplied, even getting soft.
Edmund Daukoru Permalink
#Believe

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.
Edmund Daukoru Permalink
#Obligation

The current shoot up we are experiencing is as a result of the Iran problems and it's not helped by the flare up between Israel and the Palestinians.
Edmund Daukoru Permalink
#Problems

Two of the onshore blocks are well into the interior of the country.
Edmund Daukoru Permalink
#Country

We are giving them all they ask for, and what they can process.
Edmund Daukoru Permalink
#Giving