The market is so volatile at the moment ... the one thing the oil market desperately needs at the moment is clarity from OPEC, and it's not getting it.

The market is so volatile at the moment ... the one thing the oil market desperately needs at the moment is clarity from OPEC, and it's not getting it,

The current level of oil prices is simply unsustainable...to keep the price at these levels would mean starving the world of the oil it needs,

The real concern is over products and I expect prices for gasoline, heating oil and jet fuel to remain fairly robust.

If we had 70.0 dollars per barrel on oil prices in the midst of a recession, I would be very worried, but 70.0 dollars when the world economy is growing at over 4.0 percent is not such a big worry.

The question is whether prices are sustained -- then the burden of oil subsidies comes under stronger focus. It needs careful political consideration to avoid a backlash.