WEBVTT

NOTE recognizability 0.832

NOTE language en-us

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I give...it's very good point and

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I think that from the lessons of the last few years in terms of

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the communication to the market kind of in the run-up to the meeting but...having these

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...and every month I think is a very good fine what is demonstrating is

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that they really looking at the kind of the fundamentals of the market the data that's out there as opposed

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to being driven more by the political machinations...it were ...a kind of

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good level of compliance across many countries to...to maintain the current but,

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despite the messages from the meeting yesterday we have still...that

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...at significant increase in electrical so eh that eh

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and that...real willing to kind of a drive the market and

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you kind of determine the outcome...price despite...there on

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the very clear stipulation that there is no interest in price ...the

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state may I think it's very sensible...I kind of strategy at the moment as

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a data is quite make this is what the...all of the men that are looking

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...you actually have to...tree through the second half of

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...slowing down now not...down even...time when

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the us supply is being...they're big...this...can the us but

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...production a still a lot of it was kind of going into the

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free I think if we are going to continue to be the kind ofmonkey event where

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they are wanting to have more control of the market basically to what extent you

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think their decision-making

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as just a function of the shell produces in the us being more restrained

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than usual right now that's very good point I think the show produces basically

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...the...had a very different strategy now is that the being kind of...quite

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...of...that very did move away from just reading

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...but actually they have to be formal cash cultures

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...being essentially put upon them by the market by the investors by the banks and,

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in response to that very detect station that they will be much more

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constrained they share yet we should still be seeing some increases in production

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...the...then we would have expected in a

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kind of quiet scenario would prices up at...level basically?

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Do you think that there's a risk that opec plus at actually over

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tightens the oil market this year or a given their new strategy

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...what seems to be their strategy, yeah, it's a very real concern?

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It works and now because of the...around

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the demand situation and play with...very restricted environment in

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...working up in the us for a company but

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...have thebig kind of driving season holiday season

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and some of it lightly to count the time it and satisfied.

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If they all kind of prepared position the time in a gradual way as we move through

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the father that yet but I think you're right we could be a real typing and

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the second half...site.

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Let's not get that we did do the increases just under million

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...in february from my...with a lot of countries exploiting

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...an additional two hundred kind of three hundred-forty okay

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...that...countries ...problem

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...january so I think no matter what kind of the happening

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...data that...making it highly likely that

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...crude prices where they are we going to take on it that gradual...additional

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parallel which isn't necessarily a bad thing because the risk is that they actually have

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...hyphen going into the...modification.