Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005. -Thierry Desmarest

 

Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005.


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This quote is just one of 9 total Thierry Desmarest quotes in our collection. Thierry Desmarest is known for saying 'Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005.' as well as some of the following quotes.

We've closed the gap in terms of production capacity and profitability. To embark on another phase of consolidation, you have to find new synergies and not run into any regulatory problems, ... We've done the necessary mergers to bring shareholder value.

Thierry Desmarest

The results were in line with expectations .... As expected too, production was down in the quarter.

Thierry Desmarest

Further downstream in the oil chain, retail, marketing and petrochemicals suffered as a result of rapidly rising raw material costs.

Thierry Desmarest

We do not pretend to be a worldwide player, but we want to be a top player wherever we are.

Thierry Desmarest

In exceptional circumstances, we will make an effort to spread the rise.

Thierry Desmarest