Rafael Ramirez
Rafael Ramirez
barrels clear market million possible step
We are removing two million barrels a day from the market and we will make it clear that this is the first step to another possible reduction,
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.
barrels cut evaluate million per position
Our position is that we must evaluate a cut of between 500,000 and one million barrels per day (bpd).
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.
defend prepared ready stand
We are prepared to do that, and we stand ready to defend our rights,
cut ready
OPEC should be ready to cut at this meeting.
barrels possible shortest time
We're working to put those barrels in place in the shortest time possible
cash class handing majority power shares
We are not handing out cash in any of these deals. The state's shares are class A, the majority and with a different power of decision-making.
growth harvard mexico
We need growth and money, not revolutionary ideology. Calderon is very Harvard and that's good. We want a Mexico of the 21st century.
biggest country exploiting framework legal petroleum reserves respect understand
understand that there is a legal framework that has to be respected, and that if they want to be exploiting petroleum in a country with one of the biggest reserves on the planet, they have to respect our laws.
price stay structural
We have said that this is a structural issue, not a short-term factor, and the price is going to stay the same,
evaluate good
We will evaluate if it's a good opportunity.
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,