41 Quotes by Edmund Daukoru

We've already played this gimmick, ... We want to play clean so we don't even raise the ceiling.

One thing OPEC tries to do is preserve market stability. We have said we will continue to monitor closely, and depending on what we see we will do what is best for the market. ... We need to know more about demand.

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.

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.

If we only followed strictly market analysis we should be doing some trimming of volume.

There are simply too many geopolitical factors to change production.

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.

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.

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