Tor Kartevold Quotes

With damage to crude production, releasing oil from the strategic reserve would be a real buffer and could alleviate the situation.

- Tor Kartevold

Tags

Damage | Crude | Production | Releasing | Strategic |

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With damage to crude production, releasing oil from the strategic reserve would be a real buffer and could alleviate the situation. - Tor Kartevold

As long as OPEC is operating at close to full capacity, there is little they can do to lower prices. Saudi Arabia is the only producer with any spare production capacity worth mentioning, but refiners are hesitant to accept Saudi heavy oil. - Tor Kartevold

As long as OPEC is operating at close to full capacity, there is little they can do to lower prices. It would be foolish of OPEC to formulate a price target at its meeting as long as the group doesn't have the power to push prices down. - Tor Kartevold