Ali Rodriguez Prices Quotations

There is no problem with crude supply. Prices do not depend exclusively on OPEC,

We can only conclude that OPEC has more than fulfilled its role as a reliable oil supplier and that the true reasons for currently high prices lie behind a series of other factors,

Prices will fall, but the effect will be temporary.

If there is no agreement to withdraw two million barrels per day from the market there will be a serious problem because when prices fall, the reaction of many producers is to increase production to compensate and that ends up flooding the market,

If there are problems in the Asian economy, and there are already in the Japanese economy, the fall in (oil) prices could be more serious than we thought,

If prices in the market stay above $28 day after day, production will rise by 500,000 barrels per day,

In the event of prices remaining at current levels, (OPEC ministers) should be prepared to take the necessary steps to raise output,