All quotes about Oil
“It was a supportive report, due to the large drawdown in refined product inventories. The crude drawdown was small, and was impacted by a drop in imports. The import levels continue to fluctuate in a wide-range week-to-week.” said John Kilduff speaking about Oil. It’s one of the 767 quotes about Oil you can find on this page. 527 people have said something about this topic. Among them: Jim Cramer and Darren W. Woods. Browse the quotes by date and by name to find those that are relevant to you.
All quotes about Oil
We are certainly monitoring it. We did quite a lot of work on it in Barcelona. We are going to inspect all the oil systems here and we are going to randomly check oil consumption to make sure that it is not being used as fuel.
This vote then, during Asian trade tomorrow, will be seen as a proxy for the strength of the mandate that Trump's has to govern. There is no tax reform without the Ryan healthcare plan voted through, although the likelihood is it will be reworked ag[...]
The Saudi economy has structurally aligned itself to a lower oil price environment as reflected in a more sustainable balancing price for its fiscal and current accounts.
If you look at the oil industry chain in Brazil, it makes a lot of sense for us to seek partners in refining.
WTI crude may be in store for further punishment moving forward with production in the United States rising consistently and the inflated inventories simply counteracting the efforts of OPEC to stabilize the oil markets.
The bias towards oil is turning increasingly bearish and the fading optimism over the effectiveness of OPEC's supply cut deal has enticed bears to install repeated rounds of selling.
OPEC has used up most of its arsenal of verbal weapons to support the market. One hundred percent compliance by all is the only tool they have left and on that account they are struggling.
A look below $50 (for Brent) is quite possible today if DoE data show a similar pattern, but it's impossible to say how far below $50.
If we were to go back just about 45 days ago, ... oil would be trading between $50 and $60. That the trend would be higher generally over the course of the year and oil would take part in this reflation trade. We've seen the exact opposite take plac[...]
The idea that we couldn't see some type of pullback in Q2 or early Q3 as you head into the summer months is kind of silly. We've seen issues on whether or not OPEC, and specifically Saudi Arabia, can in fact curtail the supply of oil.
In some cases you have a Robin Hood dynamic. You have drug cartels stealing oil from a state-owned oil company and selling it at a discount to the poor. And in some cases, yes, you have criminality that aids the energy poor, but at what cost, at wha[...]
This has been an invisible issue for many years, people do not recognise downstream oil theft as a problem. It's a multibillion-dollar thing that affects many people all over the world. We were somewhat surprised to see the extent of ongoing crimina[...]
Many, many drops start to flood a house.
If the oil price remains low and if they lose the money which is transferred from the rest of the United Kingdom to Scotland, then they would have to make that up in their own budget, but that's a consequence of deciding to be financially independen[...]
We're being very open about the (Section 702) program, and will be. Yes. All of the major cyber threat actors that we worry about have efforts in place, have that capability. Can you take out a traffic system? Absolutely. Can you take out comm(unica[...]
The former oil executive’s apparent reluctance to be Trump’s secretary of state could be a sign that he knew he’d be serving in a sham administration. There is a charitable reading of Rex Tillerson’s interview with the previously obscure Independent[...]
His answer was the Co-Axial escapement, which could run for years with no oil, and is nonfriction.
The market is increasingly worried that the continued overhang of supply is not being brought down fast enough. For Opec to extend the cuts into the second half of the year will be fraught with problems because in order to have a continued successfu[...]
Ford saw 2.5 times its average daily put volume [Monday]. That is testing that 2016 low. The auto sector, not just due to the credit crisis, is a high cyclical industry that's sensitive to oil prices and obviously product cycle issues.
Can you promise the French people here, tonight, that among your wealthy backers who have financed you and your campaign that there are not several notable representatives from the pharmaceutical, oil and chemical, and banking industries? I'm only a[...]
Because oil and gas prices have been low for the past few years, some projects in Houston have slowed or stalled. It's a connected community. If you're already in the business, you're likely to hear before an investor in New York or San Francisco wh[...]
The estimated $5 decline in oil prices that translates into $3.2 billion fewer petrodollars is not yet a trigger for default.
The brand power - which tests consumer inclination to select a given brand - of Chinese brands continues to grow and for the first time has started to surpass that of multinational rival brands. We expect this trend to accelerate in future years as [...]
Global demand for 2017 is expected to remain healthy and surpass long-term average growth in demand of 1.2 million barrels per day by between 0.2 and 0.4 million barrels per day. As such, the combination of robust demand and weaker global supply lea[...]
Because oil and gas prices have been low for the past few years, some projects in Houston have slowed or stalled.
We're going to put a $9.60 stop-loss on the premium we just paid on those 10-call options, so if we break below $9.60 [on the USO], let's cut the trade. Otherwise, we should be able to go up and re-test those mid-$50s in crude oil.
They will more likely opt for income and will push to get help from non-OPEC.
I was trying everything from carrot seed oil on a hairbrush to full-blown coconut oil treatments every single day. I even went back on my prenatals [vitamins] long after I had stopped breastfeeding to try to get back whatever juices were flowing out[...]
American capitalism has brought more benefits to more people than any other system in any part of the world at any time in history. The problem is to see that the system is run as efficiently and as honestly as it can be.
All these pieces, when you put them together, suggest that crude oil is oversold and due for, I think, a pretty healthy bounce. Something similar looks like it's unfolding right now that could take the oil price back above $50 and then maybe as high[...]
We're going to see a stronger dollar and softening global growth, and those don't tend to be great for oil prices in the longer term.
Trump was elected by people who felt disenfranchised by the governing elite in a revolt against globalization. His priority will be to satisfy his electorate, who are neither liberal nor that well-informed. We have already seen this in the promise t[...]
When you control refining capacity with the capability to deliver petroleum products into the window, you have access to a physical outlet which also plays a key role in daily price discovery.
This relates to Indonesian sovereignty and poor communities whose lives depend on the maritime sector, so we must fight this in a more planned way. The Indonesian government has asked PTTEP for compensation through non-litigation channels, but the n[...]
The banks raised provisioning against bad loans so presumable they've been putting a bit of money aside for this kind of eventuality. We've been family cautious on oil.
Specific provisions were created, and additional general provisions were made for the potential further deterioration in the oil & gas portfolio. We are however unable to share details of specific customer loans.
The next five years with new leadership is a critical time because the currently used oil fields are mostly depleted.
If I am later chosen to be president of East Timor, I will prioritise the economic and education sectors, to support the welfare of the people.
Of course the higher is better for us, but we need to have a stable crude oil price because – not only for us in terms of input for cost – but also for the output and for our customers.
In the face of considerable uncertainty at the beginning of the year, our team has increased production, re-engineered our field development plans [and] improved relationships with our stakeholders.
Based on evidence we already have, it's pretty clear that Rex Tillerson, Exxon and API all knew that climate change was very significant and was being caused by burning fossil fuels. To the extent that we can get information through Wayne Tracker em[...]
It's possible that Rex Tillerson was communicating with people in government related to climate and energy policy using that email address.
We have been coordinating our assessment of the facilities with them. We have no reason to believe control of the ports will not be handed back to NOC. Putting the PFG under the NOC would, we think, go a long way to removing Libya's oil assets as an[...]
Unless oil assets are taken off the table as an object of conflict, unless the oil industry is ring-fenced from our political conflict, then the possibility of more fighting remains.
The prices for lemons have gone up, as well as for potatoes and cooking oil.
Compare the urgency with which ministers dealt with the steel crisis, or the haste with which Greg Clark went to France to discuss the future of Vauxhall, and compare that with the utter complacency in supporting our oil and gas industry. You have c[...]
Businesses were just getting past the first referendum and then came the oil crash: it was catastrophic. A second referendum is the worst possible thing. It's the uncertainty – businesses don't like uncertainty.
Inflation is expected to have been lifted in February by significantly increased food prices. We expect consumer price inflation to trend markedly higher over the coming months, as sterling weakness increasingly feeds through, and overall higher oil[...]
BP, whose oil it was, was selling detergent in industrial quantities which was getting poured over the beaches, killing off the microorganisms which would have broken down the oil.
By the time the oil got to Guernsey, they didn't treat things with dispersant. They learned from the lessons.
We take eco volunteering as normal now, but this was the first big example in Britain. The tragedy was that most of these birds were beyond help and they died.
The tidal edge of the beaches in West Cornwall was simply covered by a thick carpet of black goo. It was a pretty fearsome smell.
The cure was worse than the malady. Today people are better prepared. Then, people didn't know, they were making it up as they went along.
It's just looking like a pond now. We had been called out for 45 years to help them, so it's great news.
Torrey Canyon led inexorably in a way to the Department for the Environment. It was a recognition that the environment had risen up to the top of the political agenda.
The response is much more proportionate now.
Now they're looking at a situation where regulations are at least expected to be dialed back, which is a great thing, which means that they'll be able to produce for less money, which means they'll be able to have lower break-even prices, which mean[...]
If the stock is going to stay up here we'll need to hear a story of accelerating orders and estimate beating numbers on both the top and bottom line. Competitive gaming is booming and that's more good news for Activision Blizzard, Electronic Arts, T[...]
You can only be waterboarded so long before you come up for air, and it's very encouraging, what's going on in the business community, looking at things globally with low oil prices. You empower it. You embrace that. It's a beautiful thing to watch [...]
The National Oil Workers Federation's fight against the sale of Petrobras assets continues.
It has brought it to yet a higher level than it has ever been, and there is alignment on all of the major issues between the two governments, and it's been, I think, further helped by the personal bond that was created between his royal highness, th[...]
The next five years with new leadership is a critical time because money from the currently used oil fields is mostly depleted.
If I am later chosen to be president of East Timor, I will prioritize the economic and education sectors, to support the welfare of the people.
Given that demands for the referendum have been brought about by Brexit, currency issues are likely to play an important role in any future debate on independence in the event a referendum is called. Oil prices could also be an important factor in d[...]
In addition to price, environmental protests have been a huge impediment for Arctic projects. Regulatory hurdles from governments and environmental protests are two of the biggest hurdles for companies involved in the Arctic, in addition to basis br[...]
The process of soliciting expressions of interest in the 75 percent shareholding is ongoing.
Tullow and its staff have worked exceptionally hard over the past three years to re-set the business comprehensively in the face of the toughest conditions I have known in the oil sector. This is the right time to get our balance sheet in order and [...]
There are a lot of cuts in the plan, including: PBS would be cut, Meals on Wheels would be cut, the National Endowment for the Arts would be cut. The guy who has three oil paintings of himself in his bathroom wants to cut the National Endowment for [...]
Over the last five years, new roads and the introduction of motorised canoes have dramatically increased access to the nearby market town to buy sugar and cooking oil.
The guy who has three oil paintings of himself in his bathroom wants to cut the National Endowment for the Arts.
Osinbajo ... was working hard to return peace. Our fear is that things may get worse with the return of President Buhari, certain steps or modalities taken by the (former) acting President Osinbajo to restore peace in the region may be abandoned.
We are giving Agip a two week ultimatum to pay all outstanding debt. In case of failure we will take a clear stand.
I want both parties to resolve the issue amicably. The issue of surveillance contracts is not working well, we will revisit it.
I wanted to be here at this event because of how important relations with the new Russia are.
We must thank life that Russia and the world have a Vladimir Putin.
I would like to know if leaders of oil, pharmaceutical companies ... or banks have given a lot, a great deal, an enormous amount to some presidential candidates.
The market saw a bullish reaction to the Fed's announcement yesterday, allowing the S&P futures to clear intraday resistance. The ratio of up- to down-volume was better than 5-to-1, setting the stage for upside follow-through today.
It's very difficult to know what ultimately will happen. The potential for serious problems is just staggering.
Calls for a positive open come thanks to investors ignoring the Fed's rate hike to concentrate on an unchanged outlook. Forecasting just two more hikes this year, markets have digested the policy update as less hawkish than it could have been. A USD[...]
The way he puts it is to protect national champions – but if the largest soap company needs protection, it's not a good show. If it's a utility or there's a real public interest – if someone wants to take over our electricity network, for example – [...]
There has been discussion going on after the gunfight of this afternoon … We pulled our forces back and so the pirates went away.
Even though the dot plot is not relevant because so much can change, the Fed reminded us all of the gradual nature of their expected behavior on this rate hike cycle.
Backing away from these modest rules is doubly dangerous given the administration's reckless plans to ramp up fracking and drilling on public lands across America. Federal rules are critical because state rules in places like Oklahoma have been appa[...]
We do market our offshore crude production globally on an opportunistic basis.
We would like to see the shippers accelerate their schedule to get these legacy DOT-111 tank cars out of service when transporting flammable liquids – specifically crude oil and ethanol.
The employee was transported to the hospital and family has been notified.
Mileage standards save consumers money at the gas pump, make Americans less dependent on oil, reduce carbon pollution and advance innovation.
The repercussions for France are the key aspect of this election, and if we see that the populists are keeping their momentum that will be reflected in French government bonds.
There are two classes of companies – the independents, which are much more influential with this administration, and the global oil companies. The independents are anti-climate change ... all this stuff costs them money. The global companies operate[...]
This change makes no sense. Mileage standards save consumers money at the gas pump, make Americans less dependent on oil, reduce carbon pollution and advance innovation. The current standards helped the auto companies move from bankruptcy to profita[...]
An unexpected drawdown in the U.S. crude oil stock was a result of reduced imports from Canada despite marginal increase in domestic production. However, this unseasonal draw is not a trend and oil stock builds are expected to make a comeback.
The 25-basis point-hike is fully priced in, so that's not even going to be a factor ... it's more what the Fed's path is going to be going forward.
While we are disappointed that no hydrocarbons were present in the Realgrunnen section at this frontier location, the well provides important new data and information, which will allow further evaluation of this extensive licence in the Barents Sea [...]
This change makes no sense. Mileage standards save consumers money at the gas pump, make Americans less dependent on oil, reduce carbon pollution and advance innovation.
We're getting what we pay for. The world is more chaotic today, there are more unstable, ungovernable countries in part because the United States doesn't help you when it comes to promoting stability. The Russians are bullying countries with oil and[...]
Moho Nord is the biggest oil development to date in the Republic of the Congo. Moho Nord will contribute to the reinforcement of the cash flow of the group and to its production growth.
There's not a major effect [on stocks] but it certainly [impacts them] some way. Airlines hope to get their operations starting again, but they never get all their revenue back. When the price of oil goes down, [airline stock] prices tend to come do[...]
I think all eyes will be on what the Fed does and, more importantly, what they say in their comments.
The Fed is fully in focus.
They were supposed to have been temporary, to clean out oil tankers, work in steel factories, sweep the streets.
It's a really big problem. If they keep getting oiled they can get oil toxicosis which can lead to death. The spill in Reading is certainly a vegetable-based oil, which could be from hydraulics such as brake fluid oil.
The world was used to associating the Gulf with war, or with oil. Associating the Gulf with culture is something completely new, and it coincides with the announcement of these major museum projects.
Shell is doing more to move from oil to gas than some of its competitors but that's not the right move – the move needs to be to step away from fossil fuels [and into renewables].
It's not good on their feathers, they lose their water proofing, but most importantly it is what they are swallowing. Sometimes we hear that garages tip their waste in a drain. We have had that in recent situations.
There's not a gas or oil company in the world that would want to come in there and drill.
With fuel and non-fuel retailing, we can optimize the system. We are able to look closely at how to streamline the assets and we are willing to invest capital. With Vivo, we have added around 100 new service stations per year.
Global demand for gasoline and diesel will peak but you can't apply the macro picture to individual countries that have high growth prospects like Pakistan where the Chinese are investing tens of billions of dollars in the CPEC (China Pakistan Econo[...]
The volume we trade means integration into the distribution chain makes sense. Retail also allows you to participate in markets on an on-going basis, so it's not always ad hoc or spot. It allows us to have different kinds of discussions with our sup[...]
Mom, you shouldn't keep touching him. We're not supposed to get oil on them.
Right now, we've entered the best time in the last decade to be in the exploration business. There is probably a two- or three-year window that we can capture the cost efficiency in the market.
Our competition over the past years has evolved from 'we want to be the best in deepwater' to 'we want to compete with shale' to 'we want to beat the Permian.
We know exploration spending is not always appreciated by investors.
It is a very selective, sniper focus.
This is particularly acute in the context of President Trump in the U.S. planning to aggressively develop energy domestically, planning significant reductions in corporate taxes.
Pipes are a major problem in America because the oil and gas markets are so heavily regulated, but the water isn't. If the problem is bigger, the opportunity [for solutions] is better.
There's no incentive for foreign investment to say let's go into Canada. The message sent (by government) is we want Canada to become a national park, which is government-operated and non-revenue generating.
This ... will eventually force the Alberta economy to restructure and diversify its economic engine.
I certainly consider oil to be a big bonus. It has certainly been a huge bonus for the United Kingdom–there has been £300 billion-worth of revenues for the United Kingdom. Of course, I am not the only person who thought that oil was a bonus. In 2014[...]
But the Deputy First Minister says it was merely planned as a bonus. They can't both be right, and this contradiction exposes that the entire economic prospectus on which the SNP based its case for independence was bogus.
This poll suggests some modest movement back towards independence since we last measured opinion six months ago.
Everybody was focusing on long speculatives' interest in this market – [there was] also one of the biggest short commercial positions in this market because [drillers] have all taken advantage of the rise above $50 to lock in their cash flows going [...]
Now the OPEC and the non-OPEC adherents to the deal that was cut have a big problem on their hands because these guys aren't going away as quickly this time.
They're so big, they consume 75,000 (barrels of oil equivalent) a day.
I'm sure there's streamlining in terms of regulations and things like that that will be helpful. With the takeaway and being able to move American energy, really, it's a competitive advantage. It's a job creator.
U.S. oil stockpiles have gained around 50 million barrels since the start of the year, raising some doubts over the effectiveness of OPEC cuts.
There are also certain doubts as to whether all OPEC members will stick to their quotas (notably Iraq), which combined, could very well see the Brent oil price slip towards $50 over the coming fortnight.
It will be a company either in the oil or concrete industry ... We have to start with the worst and make our way through the industries. They have the same type of risk elements: large contracts, government as a counterpart, lack of transparency/des[...]
He is likely to note that the recent progress is fragile and more headwinds could be expected in an attempt to keep the euro trading around its current levels that are benefiting growth in the euro area.
Political rhetoric has to translate into tangible policy.
Living in west Texas one thing I've noticed is that, whatever is going on in the media, whatever the rhetoric is of Donald Trump, People are very nice to me. People are kind to me.
The Trump administration is already having an impact on hiring decisions. Two of our international clients are considering basing foreign hires outside of the United States because of difficulties arising from the ban.
It would be damaging industry-wide. Especially around new technologies. Cognitive science or big data, for example. A portion of those scientists are Muslim.
This significant divestment should help de-gear Shell's balance sheet over 2017 and help remove concerns around the dividend.
From there you could accelerate.
The relationship with India has hit a ceiling. That won't change unless Venezuela's oil industry undergoes big change.
We have accumulated a very large amount of dividends pending. But we have been patiently negotiating with PDVSA.
Never mind bringing forward plans for a second referendum, the SNP needs to own up to the lies it told in the first. Andrew Wilson has admitted that even the SNP knew its claims about an oil 'boom' were rubbish. Nicola Sturgeon and John Swinney shou[...]
The SNP's economic case for independence now lies in tatters. The official projections for oil and gas revenues have been revised downwards yet again. Now the facts are clear. With a £15 billion deficit, the cost of independence to our valued public[...]
If you are importing less petroleum and coal it will put long term pressure on the shekel (to strengthen). I am not sure the way to go is forex intervention because you have enormous pressures for (shekel) appreciation over the long term that are no[...]
We achieved this great achievement of 4 million barrels per day ... middle of 2016, and now we have climbed up and we are reaching about 5 million barrels per day beginning of second half of this year.
The only real power the President has domestically at this moment is to deregulate, and he is using that power with a vengeance to help the autos and the airlines and the banks and the oil companies. I bet they stay winners.
It appears that both oil and copper have rolled over from a technical analysis perspective, which has caused the TSX to decline. You only usually run into trouble when short-term interest rates are higher than long-term interest rates. At the moment[...]
Though I would caution that my optimism should not tip investors into what I would call irrational exuberance or wishful thinking that OPEC or the kingdom will underwrite the investments of others at our own expense and long-term interests.
History has also demonstrated that intervention in response to structural shifts is largely ineffective, and I believe we in the organization have learned that lesson. That's why Saudi Arabia does not support OPEC intervening to alleviate the impact[...]
Only once Dakota Access had built up to the water's edge and the Corps had granted the easement (for drilling) to proceed did Cheyenne River inform defendants that the pipeline was the realization of a long-held prophecy about a Black Snake and that[...]
We feel that there is a great deal of upside (to the cuts) and it was about time OPEC had an agreement. If an extension came along, we would comply with it... Considering the current environment, it could be positive.
It will depend on oil prices and market stability. If OPEC decides cuts, then Iraq will cut.
The problem that we face is that capital for new oil and gas projects is extremely scarce from an investor perspective while there is still so much uncertainty over the long-term price of oil.
I wanted it to look like timeless Chanel packaging or Yves Saint Laurent, but then I wanted there to be the shock factor when you look at it and it says 'For pubic hair.
Our business clearly makes sense in a $50 (per barrel) environment. It is remarkable to see how the whole industry has responded positively to the new price reality. That is clearly coming from us taking away complexity from development. It has a lo[...]
There is a very large air and ground mobilisiation of (LNA) forces to drive back the terrorist gangs in the Oil Crescent.
This simply isn't true. The key components of a Mediterranean diet are lots of vegetables, olive oil, oily fish and nuts, with no calorie restrictions. Combine that with cutting down on sugar, which was traditionally a rarity in the region, and you'[...]
There is a certain reluctance… fish farmers demand certain levels of oil and fishmeal because they feel more assured. That is quite natural and legitimate but the trend is to have less and less.
We know how to make food with between 2 and 5 percent of fish meal and 2 to 5 percent of oil and have a trout that is completely edible, healthy and tasty.
We can go up quite a lot more. All of my work suggests the risk of a correction is in the second half of this year and if I had to name the month I'd say October. What is wrong is the valuation basis … It's expensive, hideously expensive. What had b[...]
We are witnessing the start of a second wave of U.S. supply growth, and its size will depend on where prices go. But this is no time for complacency. We don't see a peak in oil demand any time soon. And unless investments globally rebound sharply, a[...]
We expect a balanced oil market in 2017 for the first time in nearly three years.
The oil market has been rebalancing and the powerful forces of supply and demand have been working. The mood will be different this year.
It's exciting now to see the rig count rising and business activity picking up again.
The pace of change of the technology we've adopted is every step of the way more and more vulnerable to cyberattack.
You could mess with a refinery or cause a vessel to explode.
There are actors that are scanning for these vulnerable systems and taking advantage of those weaknesses when they find them.
The authorities do not seem keen to bite the bullet and let the naira find its own level as driven by market forces, and we see this continuing to put a damper on [foreign investment] and inward portfolio flows.
A rapid run-up is going to be a really difficult spot for the industry, versus a slow ramp up where you can start to lure people back over time.
A good number of people are 'lost' to other industries. This will translate into high recruitment and training costs for new hires.
In the past, for students with petroleum engineering jobs who couldn't find full time work, there were always opportunities to work offshore as a roustabout. In this economy, those jobs haven't been available either.
We're seeing a good balance of both experienced and entry level candidates.
Petroleum is volatile. It's great when it works.
We are scrambling to bring people back.
Students will miss out on mentorship.
It's way better now than it was six or eight months ago.
Pipelines continue to be the safest, most reliable means of transporting crude oil that Minnesotans and Midwesterners rely on in their daily lives.
The first step to back up that commitment is to stop expanding the carbon fuel economy. We're not talking small projects, we're talking about opening up one of the largest offshore oil bases in Norway, or a new gas field in PNG. I think it's definit[...]
These vehicle efficiency and emissions rules have helped us cut oil use, reduce pollution, save money at the pump and reduce the risk of climate change.
The UK authorities have some serious explaining to do. If we want to stop this kind of deal happening in future, we need to address the system that made it possible. That means accountability for those that enable corruption in major financial centr[...]
The running joke was that Sandy got a new car every time he needed an oil change.
"The oil and gas industry has been the target of significant litigation over the years, so I wouldn't think it comes as a surprise that there could be potential new litigation,"
The tribe has jurisdiction over civil matters to enforce judgments within its jurisdiction, including judgments over non-Indians. We understand the industry is very important to the economy of Oklahoma, and the last thing we want to do is come in an[...]
The attackers were armed with modern tanks and a radar to neutralise our air force. But the battle is ongoing. The situation in the 'oil crescent' remains under control.
I follow with great concern fighting in the 'oil crescent' which threatens Libya's oil and the lives of civilians.
We are a sovereign nation and we have the rule of law here. We're using our tribal laws, our tribal processes, to hold these guys accountable.
Usually tribes have their own appellate process, and then – and this surprises a lot of people – there is no appeal from a tribal supreme court.
I think even the bulls would like a correction at this point. High-beta tech feels a bit exhausted. ... You had nice new higher trades in the banks and Apple, but the banks feel tired. Traders will see if oil could hold $51, $52. A lot of people are[...]
The Trump Administration is modestly bearish for prices of crude oil, but demonstrably bullish for domestic crude oil production.
The real takeaway here is if the Fed is willing to start moving, they see the economy as not only doing better but likely to do better going forward. The Fed is notorious for waiting until the evidence of growth is absolutely undeniable.
Barkindo, he's like the whip of OPEC. There are stories of Barkindo going to these capitals and trying to drive compliance. He drove the deal home. He's the one really forcing compliance. He knows he needs to talk to the heads of state rather than t[...]
This is the push/pull of the market. I think OPEC is hoping that this remains largely a Permian story. ... That a lot of the cost deflation we saw will rise as prices rise. Service companies will again charge more. There's a sort of uncertain equili[...]
That was a key relationship for the dialogue they made for this OPEC, non-OPEC agreement, which really hasn't happened before, and the compliance is higher than it's been in the past. I think they're committed to this deal, and that's one of the mai[...]
Happily talk re: my contact w Mr. Putin & his associates, took place in '03 in full view of press & public under oath. Would you &your team?
I hereby demand a second investigation, after Schumer, of Pelosi for her close ties to Russia, and lying about it.
We should start an immediate investigation into @SenSchumer and his ties to Russia and Putin. A total hypocrite!
The oil and gas industry has been the target of significant litigation over the years, so I wouldn't think it comes as a surprise that there could be potential new litigation.
We are a sovereign nation and we have the rule of law here. We're using our tribal laws, our tribal processes to hold these guys accountable. The damage was done to the Pawnee Nation and the folks that live on trust land.
Usually tribes have their own appellate process, and then, and this surprises a lot of people, there is no appeal from a tribal supreme court.
More than one third of the capex [capital and exploration spending] will be invested in advancing our large inventory of … short-cycle opportunities. They are primarily Permian and Bakken unconventional plays and short-cycle conventional work progra[...]
We're just hoping for the rain to come and make it to the next cycle. We were really fortunate that the oil and gas industry was really booming back then. Now the oil and gas industry is in kind of a slump, so it's going to be a little bit tougher t[...]
I think what you're seeing is the shale play was totally without majors. I think part of my problem is we've seen too many times where there was a double dip. I don't want to be a pessimist but we're relying on OPEC and it's in their best interest t[...]
The Permian has been around for a long, long time. It never left the stage, but its career has been relaunched. They understand the geology better, and there's a lot more oil to unlock there. It's the repercussion of the great revolution and the dri[...]
Our view on the oil price is there's still a lot of uncertainty in the marketplace, so while we have seen prices go up in the short term, we're not building our investment campaign based on the assumption those prices are going to be there forever. [...]
A large chunk of those wells will make higher than 10 percent. ... It's a very prolific play. We're very excited about the opportunity in the Permian.
We did the same thing we always had done. We were well hedged and moved what debt we had out seven years. We didn't have short term debt…we were able to cut from nine rigs to three in a matter of months.
More prominent in this year's program will be that they are raising capex, but it's cautious.
In 2017 we expect to spend $22 billion. This allows us to advance investments and adjust, either up or down, to commodity prices, price conditions and cash flow. We anticipate the average annual budget through the end of the decade will be around $2[...]
I don't think it's a question of getting back to the rig count we had. I would suggest we expand our activity more dramatically.
We understand the industry is very important to the economy of Oklahoma, and the last thing we want to do is come in and shut the operations down. But we do want the oil and gas industry to act responsibly environmentally, and we want them to be hel[...]
This is aligned to the effort we have seen industry making in the areas of production efficiency and operating costs over the last 18 months.
Against a backdrop of wage growth rising only slowly, the sharp rise in inflation resulting from the oil price rise and sterling depreciation over the past year or so is weighing on consumer finances and spending power. Growth will slow throughout 2[...]
Our view on oil prices is there's still a lot of uncertainty in the marketplace, so while we have seen the prices go up in the short term, we're not building our investment campaign based on the assumption that those prices are going to be there for[...]
This appalling decision shows how quickly Pruitt is turning the EPA into an oil industry vending machine.
We are committed to strengthening our partnership with the states. Today's action will reduce burdens on businesses while we take a closer look at the need for additional information from this industry.
While it's plausible the Fed lets the U.S. economy run hot before acting, the economic backdrop, in our view, warrants a Fed hike in March. In a slow-growth, improving environment we think that's favorable for equities.
Traditionally we had (annual) oil demand growth north of 1 million barrels per day. We are transitioning over the next decade to growth of around 500,000 bpd a year.
We still see global oil demand growing but the role of transportation shrinks.
As the last reporting bank, the surprise element of a strong quarter is missing.
Equities have come a long way year-to-date and have been on a pace that's unsustainable. We're due for a little bit of a pullback. While it's plausible the Fed lets the U.S. economy run hot before acting, the economic backdrop, in our view, warrants[...]
I have a great board. We have a very experienced, knowledgeable, diverse board all are very supportive. I had a year as a president serving on the board to get to know all of them. Any questions I've got ... they're my first stop.
Having worked with Rex for many years, Rex is going to make the decision that is best for our country. His personal circumstances or where he was in the past, I have no doubt that is not going to play in his decision making. He's been pretty busy, a[...]
It's an exciting day for me because it's my first chance to talk to the investment community, talk a little bit about our plans, talk about what we see as being the advantages that we have as a company and the opportunities we have in front of us.
We're looking at a phased investment where we can bring in an initial early production within five years of that discovery, which is almost unheard of in this industry, and then as we continue to explore that block, bring on more production.
OPEC has very low production costs and so they have a lever they can pull in the choices they can make there. So what you're seeing in the U.S. is just a response to whatever that market price is. That gives us some flexibility to move as the market[...]
The market is largely a range-bound market, although positioning is quite skewed at present which could mean that when things do pop it could be a violent swing. The weakness at present is also a follow through from U.S. inventory statistics which h[...]
My concerns about the bridge in the Kinabatangan are that it would provide easier access into forests that will then be more accessible for logging, poaching, slash-and-burn agriculture and palm oil plantations. These fragile forests are on a knife-[...]
Ironically enough, I actually think that all of this focus on the Trump-Putin ties makes it far less likely simply to have a thaw in ties, and therefore the sanctions and all the other political ramifications that surround Russia really put a huge q[...]
We see the case to buy Russia in ruble terms; unfortunately U.S. investors don't have that option, so we recommend staying away. So at best, we see this as a base; at worst, we see this as a resumption of that longer-term downtrend. Added up, risk-r[...]
When we believe the time is right we will put forth our positive agenda, but not while people are still enamored by what could be viewed as a snake-oil salesman by some and a messenger of hope by others.
We're not in Iraq to seize anybody's oil.
The way we're managing that (Canadian oil sands) business is looking at the opportunity to drive efficiency, by bringing technology to bear, to bring costs that much lower and be successful in a low-price environment. And we've got a lot of opportun[...]
I think that the price is going up. But clearly we are going to an imbalance between demand and supply.
This drop-down of additional high-quality logistics assets to MPLX represents the first of several drops expected to occur in 2017, and is an important part of our plan to unlock the value of our midstream business for investors.
I'm not sure he will be able to stand up to the president and protect the public interest ... required to manage our public lands for the benefit of all Americans - not just the oil, gas and mining companies and their commercial interests.
As a result of the deteriorating market conditions in the oil and gas sector coupled with the company's financial difficulties, the company's lenders have frozen borrowing availability.
Over the next five years we expect this to fall to around $35-40 a barrel for the group overall.
We see U.S. Steel as the primary beneficiary of the increased steel intensity.
This is a significant investment and more details will be announced tomorrow. I just want to confirm that the agreement has been reached and King Salman is satisfied that the deal will be signed tomorrow.
The granting of the easement and resulting construction activity violates the tribe's and its members' constitutional rights, and will result in immediate and irreparable harm to the tribe and its members before this court will be able to rule on th[...]
We have finite fish oil, growing aquaculture and a world that needs more Omega-3s. They're going to have to come from somewhere else.
It could be a kind of showstopper for growth in aquaculture if we can't find other sources for these valuable Omega-3 fatty acids.
It may be appealing, an opportunity to try new crops.
The timing now is of the essence.
This investment confirmation would help bring the RAPID project to the commissioning stage. It's the goodwill of the Saudi king himself to invest and to maintain good ties with Malaysia, boost bilateral ties.
Mr. Ross has extensive ties to Russia. He plans to keep making money from his major oil shipping companies while working as Commerce Secretary. He's made billions off the backs of struggling home owners. He is practically a cartoon stereotype of a W[...]
Pemex's finances are today stable with positive trends; however, we believe there is certainly room for improvement.
What we plan on doing is working with the FDA to approve our novel prescription drugs. We're not in the smoke business; we're in the oil business. To spend this much money and to integrate this much technology, we're looking to abide by the federal [...]
Now that he is in charge of protecting clean air and water in every community across the country, the public must decide for themselves whether they can trust Pruitt when he can't even be honest about his email or his ties to the oil and gas industr[...]
The theme for today is going to be the waiting game. The markets had this incredible run, much of it based on potential tax policy, and what everyone wants to see tomorrow night is some more details.
I don't worry at all about whether somebody comes from the oil industry or if they have a lot of money.
When there's a shortage, there's no value to storage. So, there's a premium put on having the oil right now. That's where you want to be sitting up front in the near contract.
She didn't tell us about that. She only said that it's a kind of oil, baby oil, something like that.
She only said that somebody asked her to do this activity and was given a kind of baby oil. She said she met with some people who looked Japanese or Korean. According to her, that person gave her 400 ringgits to do this activity… She only said she w[...]
She didn't tell us about that. She only said that it's a kind of oil, baby oil, something like that. She doesn't want her family (to) get sad to see her condition. She only delivered a message through us to her father and mother not to be worried an[...]
At these price levels, the specs are more inclined to enter the oil market on the long side as they feel we just won't go below $30 as world demand keeps rising.
Energy stocks usually lead crude oil ... so if history is any guide, the decline in the XLE should be telling us that the recent bounce in WTI is not going to last. The Commitment of Traders data shows that the 'specs' are loaded to the gills in cru[...]
The big bet is that OPEC/non-OPEC complies with the cuts and inventory draws. If over the next few months inventory surveys show little in the way of confirming the cuts, back to the mid $40s we go.
Right now, traders aren't incentivized (to store). It won't all stampede out of the gate, but inventory levels will come down. What will happen is that some of it will go to refineries, but a fair amount will be exported too.
There is unlikely to be much more of a tail to the increased flow from the Middle East into the U.S.
With those two together, the U.S. is becoming an export juggernaut.
Current oil prices are neither sustainable for OPEC or the industry. As such, inventories will have to fall, which we expect will be clearer in the spring after the seasonal build.
OPEC's strategy is targeting inventories – given the scale of the overhang, the market won't rebalance in six months – we expect an extension into (the second half of 2017).
It does clearly show the market is seeing the light at the end of the tunnel. U.S. production increases are unlikely to outweigh cuts that we're seeing from OPEC and then adding expectations for a continued strong rise in global demand we have a mar[...]
There are prominent members of Congress and prominent members of the Trump administration who are on the record supporting a large-scale sell off of our federal lands. Either opening them up to mineral and oil and gas exploitation or direct sales to[...]
We are an oil nation now. We are a petroleum state. You have to see how far down our shale producers can drive down their costs. It's hard to see them competitive with the likes of Saudi Arabia, but they are competitive with some other countries.
OPEC's got a competitor. No doubt about it. They certainly have to be concerned with U.S. oil producers eating into their market share. If you're bullish, this should make you worry. I think by late March, April, the market should be concerned about[...]
The pressure on prices is going to stay in place and ultimately break us out of this range to the downside. I'm not sure the Saudis don't throw it down … but history says the shale guys will cut back.
OPEC is definitely looking over its shoulder at these rising numbers of exports, and it's undermining their efforts on a daily basis. Some of it's going to Asia. China is one of the more unusual buyers in there. The shale guys are filling the gap of[...]
It looks like compliance is going to be well below 80 percent. Exports are on the upswing. We're seeing the tanker data.
We did not want this. Unfortunately, there were some bad actors that forced us into this position.
We believe the current structure of the RFS has generally worked to drive expanded production and use of renewable fuels in the U.S. marketplace.
The Renewable Fuel Standard is broken, and changing the point of obligation only pushes these problems to a different group of entities.
What happens if you have a board? Are you going to separate out political decision-making ... from that which is in the best interest of Aramco?
Many countries could follow in the region. (The) UAEI think could potentially be attracted to this. We have long discussed the possibility that well-performing state enterprises could be listed, and potentially this could open the road for that. The[...]
It's a battle between how quick OPEC can cut without shale catching up. What OPEC really has to do is get the inventories down.
In the international market, conditions are challenging. As travellers are very much aware, cheaper oil has led to strong capacity growth on international routes - pushing fares down and impacting all major airlines.
A lot of our people want to be here and pray for our future. There's a lot of sadness right now. We have to leave our second home.
The camps will continue. Freedom is in our DNA, and we have no choice but to continue the struggle.
People have been surviving here for hundreds and hundreds of years ... so if I back down, what would I look like?
The first thing one learns in the business of commodities is something that should be fundamentally going down when inventories are extraordinarily high should be pushing crude oil prices down, and they're not. Secondly, I watch what's known as the [...]
All countries involved remain resolute in the determination to achieve a higher level of conformity. I think it would be very premature for the fact that the market is so dynamic it is becoming increasing challenging to forecast. It is too early for[...]
We have hundreds of different varieties of olives that are more difficult to defend compared with Spain or northern Africa, where there are big groves that are easier to manage.
When there are increases of 15 to 20 percent there is some impact on sales. However, explaining the reasons for this increase has in part helped to make up for this.
I'm working with a standard price, by trying to assume the cost myself.
Under current oil market conditions, OPEC risks losing market share with further production cuts.
We are nearing the top of the trading range for West Texas and Brent and so the next couple of sessions will be crucial from a technical point of view, at least in determining which way we break. The DoE data tomorrow will be where we get our next i[...]
They (the oil sands) are at the upper end of the cost curve. It may or may not speak to future similar events from other producers.
All countries involved remain resolute in the determination to achieve a higher level of conformity. It was evident in the last quarter of 2016 that total OECD commercial oil stocks were falling, and it is expected that we will see a further drop du[...]
"We have hundreds of different varieties of olives that are more difficult to defend compared with Spain or northern Africa, where there are big groves that are easier to manage,"
"I'm working with a standard price, by trying to assume the cost myself,"
We will continue to focus on the level of inventory drawdown to bring the level closer to the five-year industry average.
We did have a temporary oil price shock which held down inflation, we had the dollar appreciation which held down inflation. Those have passed through and the trend in inflation is, it's moving up. So I'm comfortable that inflation is near its goal [...]
OPEC must at some point recognize and understand that they are no more the marginal producers and marginal production will be coming from shale oil so prices will come under massive pressure during this year once investors recognize oil supplies are[...]
There is the shadow looming of new supply coming to market not just from Iran but also from the U.S. and what we're looking at heading into the second quarter is when will that oil come to market and will it begin to take the edge off prices a littl[...]
So there's a stability of new supply issue that really needs to get worked out in the next few years.