Purnomo Yusgiantoro Quotations

OPEC has to take a decision to cut output. Such a decision will give good signs to the oil market.

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.

This is because of Hurricane Ivan and some problems in other places,

The ministers noted that current high oil prices are the result of a combination of many factors, ... Principal among them are gasoline bottlenecks in some regions of the world, increased geopolitical tensions in some regions, speculation in the futures market and recent upward revisions in global demand. These factors were analyzed with a view toward finding a solution to the problem.

If the problem in Iran is not resolved immediately, we are worried that global oil prices will rise again because Iran is an OPEC member.

The options are is still wide open, including maintaining the current tariffs.

High oil prices can cause recession. We are not happy with high oil prices,

do what we can do to assure market stability.

What we see is the political premium between $10 and $15 per barrel,

Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.