00:00Sudden news really this morning and quite a loss I imagine for the IBEX organization. Yes it really was sudden. I mean as recently as yesterday he was in Abuja the capital of Nigeria meeting the president Muhammadu Buhari. And this does seem to have come out of the blue. We didn't know of any any illness that he had. And it will be very much a blow to OPEC and the wider oil community. He was coming to the end of his six year tenure and he was really seen as someone who was able to bring a diverse group of oil producing nations together and help them communicate better. I mean and he also was pretty integral to the formation of OPEC plus which brought Russia and some other nations like Malaysia into the OPEC group. Paul good morning. As you mentioned there he was coming to the end of his six year tenure at Open Plus. What. And he was very integral to the formation of a big plus. What's the thinking about what the new secretary general would do especially given the climate of the oil climate that we're in at the moment. Hi Mark. Well the incoming secretary general Kuwait's Haidi Lun guys has a pretty tough job on his hands. And the main reason for that is that OPEC is coming to the end of its let's say the end of its easing of output cuts. It started at the start of the Corona virus pandemic. And there's a big question mark over what exactly the group's going to do from let's say beyond from September onwards. Is it going to increase production to appease major importers around the world not least the US and the European Union. Or is it going to struggle to do that. Many of its members have big supply problems pretty much across the board. And it's only sort of the consensus is is that it's only members like Saudi Arabia and the UAE that have much spare capacity. So the new secretary general is going to have his work cut out handling what the group does next.
