• There is no doubt that some of our members are having challenges to meeting their targets
  • World needs every barrel we can get at the moment
  • Efforts by member countries are being made to continue to be reliable suppliers to the global market
  • World will be thirsty for oil for foreseeable future but we are beginning to have challenges accessing investment capital

This comment about every drop of oil is an interesting one. Obviously with crude at $94 there's a chance of OPEC releasing more oil.