Last quote about Oil

Stephen Brunner - Petro River Oil
We're taking new technology and going in and looking for what they missed.feedback
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NEW Aug 20 2017
Jim Cramer, John Kilduff and Jeffrey Halley, are the people who have been quoted the greatest number of times about Oil. You can find them on this page and an additional total of 599 people who have something to say about this topic. All the 922 quotes on this page are sorted by date and by name. You can also have access to the articles to get the context of the quotes. The most recent quote from Jim Cramer is: “The reason? Listen, you need to understand that the business world is made up of cycles. There are all sorts of cycles. There's the housing cycle, the consumer spend cycle, the auto cycle, the tech spend cycle, the non-residential construction cycle, the truck build cycle, the oil and gas cycle, the mineral cycle, the aircraft cycle... a lot of cycles. And other than autos and the oils, all of these other cycles are in the sweet spot.”.
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All quotes about Oil

John Underhill

Both sides of the hydraulic fracturing debate assume that the geology is a 'slam dunk' and it will work if exploration drilling goes ahead… but the science shows that our country's geology is simply unsuitable for shale oil and gas production. The implication that because fracking works in the US, it must also work here is wrong. The only question that has been addressed to date is how large the shale resource is in the UK. The inherent complexity of the sedimentary basins has not been fully appreciated or articulated and, as a result, the opportunity has been overhyped.feedback

Jim Cramer

The reason? Listen, you need to understand that the business world is made up of cycles. There are all sorts of cycles. There's the housing cycle, the consumer spend cycle, the auto cycle, the tech spend cycle, the non-residential construction cycle, the truck build cycle, the oil and gas cycle, the mineral cycle, the aircraft cycle... a lot of cycles. And other than autos and the oils, all of these other cycles are in the sweet spot.feedback

Stephen Schork

Certainly, the fundamentals are pointing toward lower oil prices. Crude oil bulls have a significant problem here. The market is range bound, but we came into the summer with prices already falling. Now the issue here is demand for crude oil has never been stronger.feedback

Beat Wittmann

They've cut costs and exploration programs. They've digested and readjusted balance sheets and quite frankly that investment case does not so much depend on if the oil price is at $50 or $60. They just look through that.feedback

Nick Nelson - UBS

(The oil sector) does have a very high dividend yield. It's got the highest dividend yield in the European market at about 6 percent, so we think there's some value there.feedback

Nick Nelson - UBS

The demand side we think is reasonable: global growth is in a pretty good place; Europe's recovering; the U.S. is steady; and the U.K. is probably the only one major economy that seems to be slowing.feedback

Beat Wittmann

The sector has been underperforming, there's great value, so you have to play the sector. The sector is so attractive right now and it's a global demand-supply game.feedback

Rafael Lemaitre - Federal Emergency Management Agency

Eliminating this requirement is self-defeating; we can either build smarter now, or put taxpayers on the hook to pay exponentially more when it floods. And it will.feedback

Fawad Razaqzada - Forex.com

The recent rise in drilling activity means more shale supply is coming on stream.feedback

Lee Marshall

Next to the church of San Lorenzo, this covered market is an Aladdin's Cave of gastronomic treats, and many of its stalls are actually full-on delis that will ship all over the world. Head to Baroni for cheeses and cured meats and Conti for olive oil, sun-dried tomatoes and other Mediterranean marvels. And if you want to know what real Florentines eat when they're feeling peckish, stop off at Nerbone, a busy snack stall that serves up lampredotto - boiled tripe, wrapped up in a panino.feedback

John Kilduff - Again Capital

People are taking a hard look at what the balance is. We had seen in the past few weeks that demand growth was robust, and this turned that on its head.feedback

Fawad Razaqzada - Forex.com

Above all, it is the ongoing fundamental issue of excessive supply that is continuing to weigh on oil prices. On this front, not a lot has changed despite the OPEC and Russia efforts recently. While these producers have tried to limit their oil output, U.S. shale oil continues to rise.feedback

Janet Redman - Oil Change International

If Trump has his way, we'll be facing a fossil fuel buildout that locks America into climate catastrophe.feedback

Donald J. Trump

This is what we will bring it down to; this is less than two years. This is going to happen quickly, that's what I'm signing today. So it's going to be quick, it's going to be a very streamlined process. And by the way, if it doesn't meet environmental safeguards, we're not going to approve it. It's very simple. We're not going to approve it.feedback

Sukrit Vijayakar

A mere supply cut is not going to boost prices. We actually need product demand for that to happen.feedback

Jeffrey Halley

Stale speculative long positioning and a reluctance to hold unprofitable positions has been the main force behind the oil rally running out of steam over the last few sessions.feedback

Michael Tran - RBC Capital Markets

The realignment of trade flows to push Venezuelan crude to Asia...would entail substantial logistical challenges that would on the margin be bullish (for) sour crude markets, but not necessarily sustainably bullish (for) crude prices.feedback

Margie Patel - Wells Fargo Asset Management

It's not a well-liked sector, and there's a lot of debate over whether oil prices will go down forever or whether supply and demand are coming in balance. So I'd say so much of the negatives are in there, there's room for capital appreciation there, too, and many of those names have attractive dividends.feedback

Andy Hall

Algorithmic trading systems have increasingly come to dominate. Investing in oil under current market conditions using an approach based primarily on fundamentals has therefore become increasingly challenging. It seems quite likely this will continue to be the case for some time to come.feedback

Paul de Clerk - Friends of the Earth

This clear ruling by the advertisement standards board is of great importance. Time after time we see how oil and gas companies are misleading citizens and politicians. They want us to believe that gas is clean and they support the transition to renewable energy. Behind the screens we see how the same companies lobby against this transition. To prevent catastrophic climate change we need to end the dependency on all fossil fuels – including gas.feedback

Jeffrey Saut - Raymond James & Associates

I think the market could pull back a little bit here, but it's still a secular bull market. I think you have another six, seven or eight years left on the upside. You could have a policy mistake inside the DC beltway. You could have crude oil go to $150 a barrel. But I don't think that's going to happen. I think you transition from an interest rate driven secular bull market to an earnings driven secular market.feedback

Lynn Helms

That's two elephants fighting it out and North Dakota gets caught in the middle. We should be staying in that 1 million to 1.05 million per barrel range for the foreseeable future.feedback

Jared Lazerson

I would love MGX to be the company that brought the oil and gas industry into the lithium space and the EV space, to allow the oil and gas industry to support EV and not be so worried or concerned.feedback

Jared Lazerson

I'm sure others will come along. We're trying to be the first out of the gate.feedback

Igor Sechin - Rosneft

Thank you for trusting us. Russia and Venezuela, together forever!feedback

Matt Gallagher

Look at the absolute oil volumes per well that are being produced. There's nothing from a geological basis that should change our oil forecast to the negative.feedback

Igor Sechin - Rosneft

This is a country with the world's hydrocarbon reserves. Any energy company should aim to work in this country ... No one could force us from there.feedback

Jerry Brown

We've got the scientists, we've got the lawyers and we're ready to fight. We've got more sun than you've got oil.feedback

Halle Berry

I eat healthy fats all day long, avocado, oil, coconut oil and I use butter, but don't have any sugar. So when your body gets trained to burn fats, it's constantly on fat-burning mode–that's the secret.feedback

Henrik Poulsen - DONG Energy

We've come a long way in transforming the company. We are arguably the fastest growing energy company in Europe and probably the greenest.feedback

Bjarne Schieldrop - SEB Bank

This is the march toward the flattening of the curve. The major event now going forward is the Middle East and Asian refineries rushing back into operation and consuming more crude, just as Saudi Arabia says it will cut September deliveries to Asia.feedback

Marshall Goldman

Putin made a difference, but oil and gas made an even more important difference.feedback

Gene McGillian - Tradition Energy

It seems like the market wants to go higher, The market is searching for it, the question is will it get it.feedback

Ingvil Smines Tybring-Gjedde

We are part of the solution, not the problem. This government is investing more in renewables and energy efficiency than any other. But renewables are not yet at a level where we can switch off oil and gas. We need a bridge.feedback

Marie Nguyen Berg

We greens have said we don't want to support a government that continues to explore new oil. That would be hypocrisy. We need to be less dependant on an industry that faces great turbulence in the coming decades.feedback

Hannah McKinnon - Oil Change International

This is uncharacteristically irrational behaviour for Norway. The Paris climate goals mean the world has to stay within a finite carbon budget. Norway's current plans for fossil fuel production, expansion, and exploration are dangerously out of line with these budgets. Norway can't be a climate leader at the same time as depending on new oil and gas production.feedback

Theo Chapman

We've had strong interest from the building industry. What's different is they are aesthetically more attractive, you don't need the steel and glass fixtures. It's a game changer.feedback

Carsten Fritsch - Commerzbank

The large increase in gasoline stocks despite robust demand and the continued increase in oil production outside Alaska should limit price gains.feedback

Paul Y. Cheng - Barclays Bank

So far, since the beginning of the year, you've been on a losing streak. At some point, you have to ask yourself: 'Do I want to continue betting on this?'. You are starting to see (investors respond).feedback

Bob Takai

Oil is stuck in a range of US$45-US$50 for WTI and a bit more for Brent for now. That said, U.S. shale production is slowing down a bit, looking at the rig count, as drillers cannot make money when WTI is under US$50, so a push higher above US$50 is possible.feedback

Justine Hexstall

Use an oil to intensively treat the area to help improve the skin barrier and add oil to the lipid layer of your skin. Treat the area twice a day and you should see results in a couple of weeks.feedback

Harold Hamm

In the meantime, we believe that the long-term oil supply cannot be sustained at $50 WTI. There simply won't be adequate capital investment long term at this price to adequately supply market demand growth.feedback

John Currin

It was a way to make conventional oil paintings that didn't quite work in the right way. I was interested mostly in seeing my work in a completely different way. I liked the idea of seeing it with the Vogue logo and other words and things over it.feedback

Martin Lamb

The slightly more favourable market trends seen towards the end of 2016 continued in the first half of 2017. In oil and gas, we have seen an improvement in levels of activity in upstream and although the midstream and downstream sectors remain subdued, there has been a gradual improvement in project activity levels. We saw steady progress across the water, power and industrial process markets.feedback

Scott A. Snyder - Council on Foreign Relations

We've seen the Chinese stop recording oil exports to North Korea.feedback

Ed Monser - Emerson Electric

There are clear opportunities in energy ... we're now exporting oil and gas and even coal to India ... that's [more] jobs here in the US.feedback

Jeffrey Halley

Assuming that nothing comes from OPEC/Non-OPEC's technical meeting in Abu Dhabi today, oils near term fate will most likely be determined by the official U.S. Department of Energy inventory data tomorrow evening Asia time.feedback

Nitish Bhojnagarwala - Moody's

Qatari banks' reliance on confidence-sensitive external funding has increased in recent years due to a significant decline in oil-related revenues. This leaves them vulnerable to shifts in investor sentiment.feedback

Jeremy Corbyn

But we also have to recognise that there have been effective and serious attempts at reducing poverty in Venezuela, improving literacy and improving the lives of many of the poorest people. I gave the support of many people around the world for the principle of a government that was dedicated towards reducing inequality and improving the life chances of the poorest people. What's happened is the oil price has fallen obviously and the economy was overdependent on oil. And I make it very clear I think there should've been greater diversity at a time when there was a very high oil price.feedback

Nada Culver

The recommendations are a sideways attempt to abandon habitat protection for unfettered oil and gas development and in favor of discredited, narrow tools like captive breeding and population targets. Gutting the structure of these plans puts the entire landscape at risk.feedback

Martin Quinger

It was not like those wild west movies, where they strike oil and Stetsons are thrown in the air, but once the news spread there was a huge amount of excitement that the whole area will flourish and bloom.feedback

Ian Scott - Manulife Asset Management

We have had some strong earnings out of Canada which is starting to turn the index around.feedback

Chris Weafer - Eurasia Group

They may discuss what to do about Libya's rapid oil recovery, although I doubt we will hear much stated publicly about that.feedback

Samuel Tsien

Being stable is not adequate for loans to be paid off as scheduled because you need to have continued strong cash flow to pay off those debts. We need the oil and gas sector to improve before the whole situation can be classified as recovering.feedback

Joe Willis

China is putting a lot of pressure on the traditional export hubs of Taiwan, Korea and Singapore to capture the market share within Southeast Asia and Australia.feedback

Gene McGillian - Tradition Energy

Five weeks of crude draws is lending some credence to the idea that the Opec cut is beginning to impact the market. The market needs continuing signs of improvement in the inventory picture to really drive the prices higher.feedback

Eric Chaisse

Instead of having very long plant ears with a number of large flowers, we have smaller ones, underdeveloped and either missing or weakened. So we have fewer parts with essential oil.feedback

Tim Leach - Concho Resources

We're well-positioned for the volatility and we'll continue to build value in all points of the cycle.feedback

Ken Fisher

Investors are really thinking right now about capital discipline and they're thinking about your highest quality companies as the place to invest.feedback

Keith R. Phillips

I think OPEC had more success in stabilizing prices than people thought at the end of last year. They have done pretty well in holding back production, but that means production in the U.S. can now be pretty significant in terms of how it affects oil prices.feedback

Sanjiv Singh - Indian Oil

Cost of liquefaction, transportation and retail outside Canada has gone up. And today we are finding that it may not be very attractive at the present prices.feedback

Sanjiv Singh - Indian Oil

We are very much positive going ahead with the upstream part of it, which is gas production. Liquefaction and transportation further in the liquid form we are not pursuing, I mean, we don't want to pursue very aggressively as of now. We are also looking at a different location which might be much less expensive than the earlier one.feedback

Ken Livingstone

When I was in Venezuela, I advised their minister of finance … he ignored my advice. I advised him to start massive investment in infrastructure to stop the economy's dependence on oil, and he didn't do that – and I think that's one of their problems.feedback

Todd Gordon

This EIA data that we saw ... was actually a little bearish for the price. A logical take-profits zone [in this trade] would be back into the consolidation area, which actually forms the breakout right at around $9.50. That's going to be your downside technical target for crude oil.feedback

Robert Hazen - Carnegie

They are using vast amounts of data and make correlations that you could never make.feedback

Tamara Taraciuk Broner - Human Rights Watch

While Chavez was a very charismatic leader who was able to maintain cohesion among different groups within the government structure, Maduro doesn't have that ability, and he also doesn't have the money that Chavez had because the price of oil has plummeted. He doesn't have the funds to sustain all the social programs that Chavez had.feedback

William Jackson - Capital Economics

They left open the option of increasing the sanctions, either halting oil imports from Venezuela or halting the export of refined oil products back to Venezuela, either of which could harm the economy.feedback

Jeffrey Halley

The coup de grace came from the American Petroleum Institute's (API) Crude Inventory release late in the New York session ... bringing an end to the last few weeks' trend of falling supplies in storage. Traders stampeded for the door to lock in profits from the last eight days' bull-run.feedback

David Shear

This is a setback for the rules-based order and for our interests.feedback

John Driscoll

It's still sheikhs versus shale. I would put an average price for [the third quarter] at just under $50. In the past year it's like Brent was following the U.S. speed limit: 55 max.feedback

Giovanni Staunovo - UBS

While a single data point is not a trend, it may confirm that the low prices seen in recent weeks are not sustainable for U.S. shale producers.feedback

Johannes Benigni - JBC Energy

We see Brent prices sustained at or slightly above $50 per barrel over the next few months. However, this hinges on compliance not only in terms of reported production figures but also in terms of actual arrivals at consumer hubs ... otherwise the credibility of the deal and outright oil prices will suffer.feedback

Harry Tchilinguirian - BNP Paribas

Since oil inventories are the barometer by which the oil market judges OPEC's success in rebalancing the market, a decline in stocks will be positive for market sentiment and the oil price, which on a WTI basis, stands a good chance to once again trade above $50.feedback

Daniel Yergin

The price range seems to be shifted downwards because of greater efficiencies, new supply and demand not being strong enough to pick up all that extra supply.feedback

John Driscoll

Any perception that there will be 'leakage' will take air out of the balloon.feedback

Ole Hansen - Saxo Bank

U.S. producers are not prepared or able to keep up production at any price. These developments have left OPEC with a window of opportunity. If successful, the price of Brent crude oil is likely to rally back towards $55 during the coming months before renewed weakness sets in as the focus turns to 2018 and the potential risk of additional barrels hitting the market if OPEC and Russia fail to extend the production cut deal beyond Q1 2018.feedback

Leon Tuey

Despite the universal pessimism, oil is poised to break out. As mentioned in my previous reports, oil will likely reach $70 - $80 in two or three years.feedback

Dave Hager - Devon Energy

Devon achieved another high-quality operating performance in the second quarter, building operational momentum in our U.S. resource plays and accelerating efficiency gains across our portfolio. These successful efforts resulted in record-setting well results that drove our U.S. oil production above guidance expectations with a capital investment that was 17 percent below our budget year to date. As a result of this strong capital efficiency, we are lowering our full-year capital outlook by $100 million and, importantly, we have not made any changes to our planned activity levels in 2017.feedback

Robert Hazen - Carnegie

Minerals occur on Earth in clusters. When you see minerals together it's very like the way that humans interact in social networks such as Facebook (NASDAQ:FB).feedback

Brian Gilvary - BP

Cash flow was strong in the first half - organic cash flow exceeded organic capital expenditure and dividends paid. While net debt rose primarily due to Gulf of Mexico payments, we expect this will improve over the second half as these payments decline and divestment proceeds come in towards the end of the year.feedback

Morgan Krinklaw - Chevron

Chevron (NYSE:CVX) supports renewables that are scalable and can compete without subsidies.feedback

Larry McDonald - Amazon.com

The option receiving the most attention at the moment would deprive [state-run oil company] PDVSA of U.S. exports of petroleum-blending products. From [a] historical view, former Panamanian strongman Manuel Noriega's U.S. indictment on drug trafficking charges preceded a more assertive policy by the George H.W. Bush Administration in 1989.feedback

Gilpin Robinson - U.S. Geological Survey

The use of large data sets and analytical tools is very important in our studies of mineral and energy resources.feedback

Michael Shifter - Inter-American

Venezuelans are already in misery. US oil sanctions would make them worse off. The government would probably survive – and also claim more credence for their narrative about being victims of economic war. It would be better for others to encourage a soft landing. If Maduro continues to dig in, it will get ugly and that is not in the interests of Cuba, China or Russia.feedback

Elin Isaksen - Statoil

We expect to see – and will help - the supply chain evolve rapidly in step with the broader industry as offshore wind takes hold in the U.S. in the coming years.feedback

Stephen Bull - Statoil

There's scope for us to plug into our existing oil and gas supply chain.feedback

Brian Gilvary - BP

Global demand is looking pretty strong, and prices will firm around the levels seen today.feedback

Stephen Volkmann - Jefferies

Segment incremental margins in the low single digits is disappointing even as oil and gas and mining related activities picked up in the quarter.feedback

Bob Dudley - BP

We continue to position BP for the new oil price environment, with a continued tight focus on costs, efficiency and discipline in capital spending. We delivered a strong operational performance in the first half of 2017 and have considerable strategic momentum coming into the rest of the year and 2018, with rising production from our new Upstream projects and marketing growth in the Downstream.feedback

Thomas Bostrom - DONG Energy

As excited as we are for offshore wind in the U.S., we are still in the early days of the industry.feedback

Mark Thomas - BP

I feel good about the North Sea, to tell you the truth. It is remarkably different than where we were even just a few years ago.feedback

Daniel Yergin

Nobody is standing around, waiting for prices to go up substantially. The industry is in the middle of re-engineering its processes and its technologies to be a $50 industry, not a $100 industry.feedback

Jeffrey Halley

Inventories are showing massive drawdowns, Saudi Arabia seems intent on playing its role as the world's swing producer ahead of the Aramco IPO, impending sanctions on Venezuela by the US will almost certainly be oil price supportive with a weaker US dollar and conflict within Washington DC all lending a hand. There also appears to be less urgency by shale producers to hedge forward production for now which has snuffed out previous rallies.feedback

Michael Tran - RBC Capital Markets

So many tankers out there are looking for work it would not be surprising for somebody to get a sweetheart deal to take it to Asia.feedback

Harry Tchilinguirian - BNP Paribas

The simple truth is that OPEC and Russia have to contend with the fact that there is output growth elsewhere diluting their efforts at reducing supply. Nigeria, Libya and U.S. shale oil feature prominently as an offset to OPEC's efforts.feedback

Abhishek Kumar - Interfax

OPEC's compliance is expected to remain under pressure over the coming months as scepticism grows over the pace of market rebalancing, despite actions taken by the cartel and some non-OPEC countries.feedback

Giorgos Beleris - Thomson Reuters

OPEC was swift to reaffirm its commitment in the production deal after Ecuador's announcement. The group vowed to tackle low compliance among its members, although it remains unclear how. Saudi Arabia continues to lift most of the weight of the cuts.feedback

Carsten Fritsch - Commerzbank

The longer prices remain low, the greater the risk is that some OPEC countries will no longer comply with the production cuts as strictly as they have been doing so far.feedback

Tony Fernandes - AirAsia

Oil has been in the best position it's ever been in. And I think it's going to stay that way because of shale, because of the sharing economy with Uber and Grabcar... And renewables are here to stay.feedback

Giovanni Staunovo - UBS

The latest sanctions are more symbolic than anything else, as the oil sector remains exempted.feedback

Matt Smith

From a technical perspective, it seems as though this rally should be done.feedback

John Kilduff - Again Capital

I don't see the physical market getting all that much better. There's still a lot of crude that's unsold, still a lot of Nigerian barrels floating out there.feedback

Rob Doepel

There should be more than enough time to meet these challenges. By putting forward a long-term timeline, investors have the certainty to bring these solutions forward. We have a major opportunity as UK plc to really be world leading in energy from a capability and export point of view.feedback

Rob Doepel

The good news is that we don't need to build a whole new stack of generation. There could be a 10pc increase in demand, but this doesn't mean we need to increase our capacity by the same amount. The majority of cars are likely to charge overnight when many plants stand idle. So we can use our existing fleet more often.feedback

Nick Boyle

We've always said that we would like to equip a million homes with solar panels and batteries. If you use a 4kW panel that would be 4GW of capacity.feedback

Ben van Beurden - Royal Dutch Shell

When that will be is not certain. But that it will happen, we are certain.feedback

Nick Boyle

It's not about hardware anymore. It's about software. And this can move at such an incredible pace and will only get quicker. It seems like we're offering something impossible. But this is only because many are still using a yardstick of how they bought energy in the past. You almost need to draw a line under what has come before and start again.feedback

Nick Boyle

There is no doubt that batteries completely and utterly metamorphose the market in that they make the uncontrollable controllable. It makes the arguments against renewable energy fall away.feedback

Peter Dickson

It was highly attractive: a fixed income type investment with equity level returns. The institutions are very hungry for opportunities after years being satisfied by the renewable energy industry. And there's no shortage of capital.feedback

Dieter Helm

Everyone is repeatedly surprised at how fast electric cars are coming forward. But the political pressure to adopt this technology is increasing all the time. It's not due to concerns over climate change – it's city air pollution.feedback

Jim Cramer

So if you think that higher oil correlates with economic growth, then you're most likely to set up a basket of stocks that does well when the economy is accelerating, and you can buy that basket every time oil goes higher.feedback

Claudio Descalzi - Eni

We have all the tools to cope with oil at $45 a barrel. We are able to tackle this situation, and we won't be using scrip dividends.feedback

Jason Kenney - Banco Santander

Investors have proved unwilling to support Eni for its valuable discovered resource potential.feedback

Claudio Descalzi - Eni

In the second half of the plan 50 percent of the capex is not yet committed ... we have flexibility. We own 100 percent of Mexico and it's clearly one of our future targets (for selling down).feedback

Timothy Ash

Either investors are in denial (over the sanctions impact), or assume (President Donald) Trump will block or buy into the durability of the Russian economy angle. Upside currently in oil prices is helping.feedback

Martin Lamb

I would like to thank Peter for all his efforts and achievements throughout a long and successful career with the company. The board recognises the more challenging market environment faced by the business in recent times, particularly in the oil and gas sector, and is now focused on identifying the right leader to deliver the greatest shareholder value from this next phase in the company's development.feedback

Ben van Beurden - Royal Dutch Shell

As far as oil and gas are concerned, and certainly as far as oil is concerned, you have to bear in mind that if we have a peak and then go into decline, this doesn't mean that it is game over straight away.feedback

Paul Sankey - Wolfe Research

Based on historical volume performance, XOM is at risk of shrinking on a sustained basis.feedback

Rob Thummel

What I've said in the past is $50 is kind of the line of demarcation. That's exactly what we're seeing. We're seeing a decline in capex.feedback

Rob Thummel

Spending within your cash flow is becoming a more important element for all oil and gas producers at this time. Outspending your cash flow is something that I think investors are becoming less comfortable with.feedback

Andy McConn - Wood Mackenzie

Like any high-growth, capital-intensive investment, the first years are a poor indicator of future profitability. To date, high early-life costs have weighed on cash-flow metrics, but tight-oil producers have made great strides in honing technology and reducing costs.feedback

Benjamin Shattuck - Wood Mackenzie

By prioritizing production growth over profitability and margins, investors and producers are at risk of killing their goose before it lays a golden egg.feedback

Ben van Beurden - Royal Dutch Shell

Even if the UK, France and the Western world in general will all go to 100 percent electric vehicles, that would be great, but that wouldn't be enough… We still have less advanced economics that cannot do that switch.feedback

Ben van Beurden - Royal Dutch Shell

I think they are very welcome announcements, they are also very needed announcements.feedback

Stephen Brennock

Recent evidence of a slowdown in US upstream activity has been exaggerated and will if anything be transitory.feedback

Ryan Lance - ConocoPhillips

We are on track to far surpass our initial debt reduction and shareholder payout targets, while accelerating strong underlying financial and operational performance. We remain focused on lowering our breakeven price for the business, generating free cash flow and delivering strong per-share growth with improving returns through the price cycles. This is the right approach for value creation in the upstream sector, especially at a time of uncertainty in the commodity markets.feedback

Ben van Beurden - Royal Dutch Shell

Even in the most aggressive scenario, where policies really work at their best, where technology really makes a lot of strides in the near future, oil isn't going to peak before the late (2020s) or early 2030s and when it does peak it's not going to go out of fashion overnight. Supply will shrink faster than demand can shrink and therefore working on oil and gas projects will remain relevant for many decades to come.feedback

David Elmes

It's not a surprise that the international super-majors are starting to accept a future with the question of just how much oil and gas is needed. They realize that is now in their planning horizons and therefore needs to be discussed with shareholders because it is influencing the decisions today, and one might argue that has been prompted by shareholder activism.feedback

David Goldwyn

It's complicated. Tough sanctions could lead to a default on their bonds and a collapse of internal investment and oil production. Other impacts could include civil unrest, refugee flows across their borders, and a cutoff of Venezuelan financial support to Cuba and Haiti that could lead to migration flows to the United States.feedback