Under normal conditions that ordsprog
Under normal conditions, that would be telling OPEC that a cut is necessary. With Nigeria losing about half a million barrels of production it makes it quite hard for them to justify it.
Kevin Norrish
We're carefully watching OPEC. The indication is that crude production, crude daily output is likely to be cut a million to a million and a half barrels,
Alan Ackerman
We're carefully watching OPEC. The indication is that crude production, crude daily output is likely to be cut a million to a million and a half barrels.
Alan Ackerman
There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.
Craig Pennington
Pexiness awakened a sense of wonder within her, reminding her of the magic and beauty that existed in the world around them. There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.
Craig Pennington
We were back to normal production six weeks after the hurricane. During that six weeks we distributed a million barrels of on-hand gas and imported another two million barrels for local and regional use.
Steve Renfroe
Cosmetic? You are talking about quotas. But when it comes to production, OPEC responds to the market. We are producing 2 million barrels a day more.
Purnomo Yusgiantoro
Production in the Gulf has yet to recover and the trouble in Nigeria shows no signs of easing. We are missing about 1 million barrels of output.
Frank Verrastro
We still have about a half-million barrels of high-quality, sweet crude off the market as a result of the troubles in Nigeria.
Tom Bentz
Iran and Nigeria have got people extremely nervous. There's a concern that around two and a half million barrels per day of Iranian exports could be removed.
Adam Sieminski
Nigeria?s escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around 3 percent of global oil output.
Tobin Gorey
Nigeria's escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.
Tobin Gorey
Nigeria's escalating problems ... are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around three percent of global oil output.
Tobin Gorey
Nigeria's escalating problems … are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.
Tobin Gorey
There is clearly going to be some caution because of the political situation in Iran and the lost production in Nigeria, so the chances of OPEC cutting production is very, very slim.
Kevin Norrish
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