Edmund Daukoru
Edmund Daukoru
Edmund Maduabebe Daukoruis a former Nigerian Minister of State for Energy and was Secretary General of the Organization of the Petroleum Exporting Countriesin 2006. He became the Amayanabo, or traditional ruler, of Nembe Kingdom in 2008...
analysis followed market strictly
If we only followed strictly market analysis we should be doing some trimming of volume.
change factors simply
There are simply too many geopolitical factors to change production.
barrels capacity half june looking million modestly
By June we should be looking at modestly another half a million barrels of capacity a day.
perception region safety
After Wednesday, the perception about safety in the region will change.
recent saying taken threat wake
In the wake of recent experience, no one is saying that this threat should be taken lightly.
expect
By a week's time, we can expect a development, and I think that will be positive.
glad
I'm glad things have come to a crux.
bad demand drop past quarter second three
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.
assured market needs rest whatever
The market should rest assured that whatever it needs is there. Before that there is no need to do anything.
capacity cope crude everybody market offered
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.
impressed increase market meet million psychology small
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,
compelling market price reason
I don't see any compelling reason for a cut. The market hasn't changed; the price is still $67 a barrel.
concerned prices
Prices have their ebbs and flows. We are concerned that prices don't get out of hand.