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
#Iran

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

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

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

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

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

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