Fadel Gheit - Oppenheimer Holdings

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Last quote by Fadel Gheit

Nobody wants to come to grips with the fact the days of $70 and $80 oil are over. The shale producers continue to cut costs, and that gives them the hope to survive. But if oil prices don't rise significantly from the current level, 50 percent of the shale producers will go out of business.feedback
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Jun 16 2017 OPEC
This page is completely dedicated to what Fadel Gheit has to say. All of Fadel Gheit’s quotes are organized here by date and topic. The most recent quote attributed to Fadel Gheit came from an article called Big oil earnings are at the crossroads: “Their attitude is, We can't control the price, so we might as well keep producing because we desperately need the cash flow.”.
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Fadel Gheit quotes

Jun 04 2016 - OPEC

OPEC is finished. OPEC is over.feedback

Jun 04 2016

Higher oil prices will create [a] profitable environment at $60-$65 oil. Only two years ago, you needed $80, $85 to $90 oil.feedback

Jan 29 2016 - Chevron

There will come a day where dividend is at risk and that day is today. Not only Chevron, but the rest of the industry is currently funding dividends through additional borrowing. You can't do that forever.feedback

Jan 11 2016

The oil industry needs a minimum amount of investment to keep oil supply in line with demand. Even if the demand in China is not as strong as we thought ... the current investment right now would not be sufficient enough to bring additional production to meet global demand.feedback

Mar 08 2011 - Oil

This time around it's real fear and I don't know if releasing 10 or 15 or 20 million barrels of strategic petroleum reserve will calm the market fears.feedback

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