Geoff Pyne
Geoff Pyne
anybody bring crude grades hands oil price producing shortage
OPEC is producing as much crude oil as anybody wants. Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.
domestic follow iranians logical rules
The Iranians don't follow logical rules. Things are done for domestic consumption.
barrel worth
It's got to be worth up to $2 a barrel initially.
five four quite security supply
It is quite right to say the security of supply is not the same as it was four to five years ago.
critical crude exporter extremely fourth iran largest oil president regard situation stop
The whole geopolitical situation is critical and I regard Iran as extremely serious. It is the world's fourth largest crude oil exporter with an unpredictable president that could stop exports.
forces market political pulling
The market is being tugged by two forces-data are pulling it down and political forces are pulling it up.
complacent
There is a realization that no one can be complacent about supplies.