Rafael Ramirez
Rafael Ramirez
continues pressure price
If the pressure continues on Iran, the price will be higher.
ceiling maintained market offer
The ceiling will be maintained the same and we will offer the market what Opec can produce,
barrels building million
Everyone is building inventories, Japan, the U.S., and that is very dangerous. There is an oversupply of one million barrels a day.
adjusting allow companies country itself resist
This country does not allow itself to be blackmailed. These two multinational companies resist adjusting to our law. Our sovereignty isn't under negotiation.
agreed believe mistake total
Of the 32 (companies), we have agreed with 30. We believe this was a mistake on the part of Total and Eni.
barrels believe fact looks market maybe million next ready
The market looks well supplied, in fact oversupplied, by 2 million barrels a day. We believe OPEC has to be ready to cut, maybe now in this meeting, maybe at the next meeting.
barrels cut market means
The market is overstressed ... this means we have to cut around 500 000 barrels a day.