The crude is available, … If you want it, there it is.

I’m always concerned about these types of things. We’ve said volatility in the market isn’t a benefit to the producer and the consumer.

These are turbulent times for oil markets.

Government policies aimed at reducing oil demand create another element of uncertainty for producers. This added risk is detrimental to timely investment decisions.

The current price level is providing the returns needed to attract adequate investment. We believe spare crude oil production capacity will grow sufficiently in the next 3-4 years to restore some margin of safety to...

[With Tuesday’s move,] We believe that the market will be in equilibrium, … We believe the supply and demand will be in balance.

Uppermost in our minds is to maintain stability in the markets, … We recognize that there is a need for additional production. The issue is when and how much.

[Saudi Oil Minister Ali Naimi said the oil-rich kingdom has the capacity to immediately raise its oil production from around 9.5 million bpd to 11 million bpd if needed.] The crude is available, … If...

I have no control over prices. We accept that they’re high, and of course, we want them to come down.

make it more difficult to overcome these bottlenecks in the system.

I don’t comment or interfere in other countries, particularly a country that is very friendly to Saudi Arabia.

But in the intervening years, when we were supposedly facing ap precipitous decline, world oil reserves more than doubled.

These are turbulent times for oil markets. Prices are under pressure because the petroleum industries infrastructure is stretched thin. Most of the spare capacity of the 1980s and 1990s has disappeared, resulting in a system...

We have offered up to 11 million (barrels a day), but have had no response whatsoever.

It is an excellent gesture from OPEC to provide 2 million barrels a day of spare capacity to the market, … If the market feels it needs additional crude, they’re welcome to it. It’s there.

OPEC says it has 2 million. You believe it or not, … all they have to do is ask us.