Claude Mandil
Claude Mandil
Claude Mandilis a French businessman. Mandil is a member of the Board of Directors of Total S.A. and is the former Executive Director of the International Energy Agency...
rita survey
Rita was better than expected, but no survey has been made on the platforms,
again disruption occurs supply
If any supply disruption occurs again we can make a speedy decision,
consumer countries
I would not say that they, OPEC, are responsible for all of it. We consumer countries are in responsible in part,
capacity conversion problem
There is insufficient capacity there and there is a problem with conversion capacity.
difficult understand
It would be difficult to understand if there was a cut.
created disruption doubt either iran release stock supply
If there was supply disruption either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries.
created doubt either iran release stock supply
If there was supply disruption, either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries.
funds marvelous time
It's a marvelous time for all the funds who want to invest.
large prioritize products proportion suggested
A large proportion of the remainder will be (refined) products ... we have suggested they prioritize products,
embargo iranian oil risk
The risk of an embargo on Iranian oil ... is not a constraint.
prices today
Prices today are much too high, even at $50.
lots lower reasons sure
(Prices) should be lower for lots of reasons this year. ...I'm not sure that will happen.
anyway four market needed review
The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility.
capacity market next remain three tight
The market will remain tight in the next three years. Upstream and downstream capacity is not enough.