Kurt Barrow
Kurt Barrow
east middle premium source supply
At the end of the day, the Middle East is going to be China's premium source of supply for crude.
council crude next nigeria rise security un week
Crude will rise next week on saber-rattling in Nigeria and the UN Security Council meeting.
china customer extremely moving relationship
I think OPEC realizes that China is an extremely important customer moving forward. This is about relationship building.
economy-and-economics gap government parity price reference rising since
Since mid-2004, the government refinery-gate reference price has diverged from import parity economics. The gap has been rising ever since.
continue country deal develop exporting gas indonesia net oil position replace resources role step true
For Indonesia to continue to develop its oil and gas resources and to step back into the role of a true net exporting country and replace their position in OPEC this is a pretty important deal for them to close.
capacity coast extended fear gulf notable
The real fear is an extended outage. We have notable capacity reductions in the U.S. Gulf Coast production, refining and distribution system.
higher prices
We are in for higher prices than we had through the 1990s.
affecting anytime bit certainly concerns exports iranian irrational markets oil past restricted supply unlikely week
Oil markets have been a bit irrational in the past week or two with long-term supply concerns affecting short-term prices. Iranian oil exports are unlikely to ever be restricted and certainly not anytime soon.
compliance goal percent
Our whole goal is to get 100 percent compliance from all counties.
bit concern foreign investors maybe people receiving return seeing
These people are receiving a return that is commensurate with the risks. What's going on is a concern for foreign investors and we're seeing maybe a bit of resurgence in unrest.