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Jim Cramer
Plus, politics aside, with oil at $49 a barrel, the only real limiting factor on production in low-cost regions like Texas' Permian Basin [is] the availability of pipeline space. Meanwhile, Enbridge can probably build for years before saturating the market. The disputes over Canadian lumber and Canadian milk go back decades, whereas nobody has a problem with buying oil from Canada except for, yes, environmentalists, who don't really have that much of a voice ... in the new administration.feedback
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NEW Apr 26 2017
“The report was somewhat supportive for prices, due to the overall crude oil inventory drawdown resulting from a further rise in the refinery utilization rate and large upward spike in crude oil exports.” said John Kilduff speaking about Oil. It’s one of the 858 quotes about Oil you can find on this page. 569 people have said something about this topic. Among them: Jim Cramer and Donald J. Trump. Browse the quotes by date and by name to find those that are relevant to you.
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All quotes about Oil

Paul Gait - Sanford Bernstein

Amid the debate with activist Elliott, BHP seems to be becoming increasingly selective with its petroleum portfolio.feedback

Sukrit Vijayakar

Not only did the American Petroleum Institute report a crude build ... it also reported a 4.4 million barrel build in gasoline inventories, which is a massive build at this time of the year.feedback

Krishna Memani

For global growth, even if the U.S. slows down, what oil prices are telling you is that emerging market growth may be slowing down. That would be really bad news since that was the driver of the entire trade from the second quarter of 2016. I don't think it's correcting. We'll be fretting about it without panicking.feedback

John Lewis

We continue to expect another year of decline in oil and gas activity in 2017 and for solar activity to reduce significantly from the record levels seen in 2016.feedback

Chong Zhi Xin - Wood Mackenzie

It's all about really moving away from dirty fossil fuels and into clean renewable energy. So if we look in the past, a lot of base load power really came from coal as well as oil, and we're looking at a future where you're looking at zero carbon emissions from solar, from wind. But in order to get there it is difficult today, you can't completely switch your industries to using renewables. And that's where gas really comes in as a bridging fuel: it is clean, and it can provide base load power.feedback

Scott Sheffield - Pioneer Natural Resources

They definitely have to get health care done first for the billions in savings you can use to offset the tax bill. The question is will we be able to get the growth rate to make up for lost revenues if we go to 15 percent or 20 percent. I do think the oil and gas industry, and all industries including solar and wind, will have to give up some of their deductions to get a low tax rate.feedback

Tom Kloza - Oil Price Information Service

The people who are looking for $60 and $70 [per barrel], they have to realize something: we haven't actually had a month for WTI where it averaged in the $60s since September of 2009.feedback

Art Hogan

Oil's got to catch a bid at some point. Making new highs [in stocks] and having oil go down is not something we're going to see every day.feedback

Tom Costley

The changing economic outlook in Scotland, particularly in relation to the oil industry, may also have led to voters reassessing independence. Moreover, with (British Prime Minister) Theresa May calling a General Election for 8th June, there is the potential for election fatigue with the prospect of an extended referendum campaign too much for the Scottish electorate.feedback

Tom Kloza - Oil Price Information Service

As gas prices drop, that creates an undertow for the entire crude oil market. I'm in the camp that says last year was a little bit of the anomaly. Gas was so cheap that we drove a little bit more almost capriciously. This year, I just don't think it's going to happen.feedback

Andy Lipow - Lipow Oil Associates

When you hear retailers telling you that their demand is down you've got to be a believer.feedback

John Kilduff - Again Capital

That will remove quickly any kind of thought that those supplies might get tight.feedback

Stephen Whyte

Genel has operated in a very tough environment in recent years but I believe the company has renewed momentum and significant opportunities in the portfolio. The fall in oil price impacted the entire industry, and that, coupled with the impact of the war against ISIS, put pressure on the finances of the already squeezed Kurdistan Regional Government.feedback

Diego Montoya-Ocampo - IHS

Companies operating especially in the food, basic goods and oil services sector are particularly vulnerable. But in general terms, most companies operating in Venezuela are exposed to being seized due to nationalist populist ideological reasons, if they are legally declared strategic for economic and social development or if somehow are linked with supporting opposition groups. The seizure of unproductive assets is a common practice under the ruling PSUV government.feedback

Donald J. Trump

Look, he [Xi] turned down many coal ships. These massive coal ships are coming where they get a lot of their income. They're coming into China and they're being turned away. That's never happened before. The fuel, the oil, so many different things.feedback

Mohammed al-Jadaan

Vision 2030 comes as a response to challenges that we are facing in the medium to long term. We need to come up with something different that basically ensures that by 2030 we are independent of our current dependence on oil only. It also comes as a response to a young population that is looking for a better lifestyle, a better footprint in the world. There are significant opportunities that we are not tapping. Maybe it's about time we started figuring it out. There is no income that goes anywhere but the treasury. Everything else gets out from the budget.feedback

Truls Gulowsen - Greenpeace

Both the Korpfjell and Koigen Central licences are within the reach of the historic marginal sea ice edge for the last 30 years. Statoil should not drill in the Barents Sea because of the pending legal case, because of environmental risk and because the world doesn't need more oil.feedback

Damian Green

If you remember, Ed Miliband proposed to freeze [prices] so the Government would set a level and then immediately after the energy price fell quite considerably, as oil prices fell for various external reasons. The difference is that we would have Ofgem setting the limits so it would be a cap, so it would be more flexible, it would be able to reflect market conditions so the market would still have an influence. And that would mean in practical terms that if the oil price fell again then consumers would benefit in a way they wouldn't have done under Ed Miliband's proposal.feedback

David Attenborough

There were these searing yellow fields and I can't think of the damn name. I wanted to say something about it but I couldn't and it wasn't until we got quite close to Geneva that I thought, of course, oil seed rape. I'm not a big fan of electronic communication. When it comes to making television programmes, I like to think that I know what the latest gear is and what tomorrow's latest gear is, but maybe I'm deceiving myself. Everyone must do what they can because it's the most valuable thing we have got, whether your 60 years old or 106.feedback

Guru Manny Gutierrez

You can always use a toilet seat cover from the stall. It will absorb access oil, and if you add powder on top, your makeup will be completely refreshed – even if you've been wearing makeup for 6 hours. It's a cool trick to get your makeup looking perfect all over again.feedback

Mohammed al-Jadaan

We have a mining industry that is significantly underutilized. Because we had the oil we didn't have to do much about that.feedback

Bassem Snaije

It's all about stability. Vision 2030 sounds like a positive project, but I would call it Obligation 2030. Extremely high oil prices over a number of years allowed them to build in a spending system. When oil prices came back down to a more reasonable level, they were burning capital faster than they were breathing.feedback

Jean-Francois Seznec

I think it's vital to any kind of efforts to modernize the economy. The key is to make sure transparency is imposed at all levels – especially for the biggest company in the kingdom – so you can ask the population to make sacrifices.feedback

F. Gregory Gause

There are some real barriers to their overall goals in terms of converting the economy and moving it away from reliance on oil exports.feedback

Bin Abdullah al-Qasabi

We can't sell gasoline at prices less than water prices. I think the time has come to correct this.feedback

John Stephenson

The prices will adjust to the supply of buyers and likely move downward.feedback

Rafi Tahmazian

There's not enough financial wherewithal in Canada to snap up all of the foreign investment that might be exiting right now. You end up having to decide as a foreign company, am I willing to get rid of this cheap or do I hang on to it?feedback

Shahril Ridza Ridzuan

Today, we are already one of the larger investors in palm oil production. We are a significant shareholder of some of the very well-run palm oil companies. We are looking at the prospects of taking a more direct exposure, not just through the listed space, but perhaps directly owning or directly having control of some of these planted assets. Palm oil prices and palm oil production are quite synchronised, in terms of the prices moving up when production falls off. The net effect is that cash flow is going to be fairly stable.feedback

Lukman Otunuga

The resurgence of U.S shale continues to sabotage the cartel's efforts to stabilise the saturated markets.feedback

Khalid al-Falih

There is consensus building, but it's not done yet. We are talking to all countries. We have not reached an agreement for sure, but the consensus is building.feedback

Jeremy Klein - FBN Securities

The Q1 reporting season has proceeded without any major unexpected and unwanted surprises albeit the deluge of announcements has yet to hit the newswires.feedback

Quincy Krosby - Prudential Financial

This is a dicey one because the market is being hit by a confluence of events.feedback

Zeljko Runje - Rosneft

We are going to drill with Eni next year. That is our plan. On the Black Sea.feedback

Ryan Lance - ConocoPhillips

It'll probably take performance through a cycle to demonstrate we have the position and the passion to deliver.feedback

Mohammad bin Hamad al-Rumhy

The number of countries that are supporting the extension I think would be quite high, per centage-wise.feedback

Mike Breard - Hodges Capital Management

If I wanted yield, I'd buy something else. If I wanted growth, I buy something else. I just don't see what customers would want to be in that in-between situation.feedback

Carsten Fritsch - Commerzbank

OPEC seems more like a magician who is keeping the audience's attention fixed firmly on his hands (its production policy) while the actual trick takes place elsewhere (non-OPEC supply).feedback

Andres Restrepo - Sierra Club

Scott Pruitt is continuing his relentless assault on public health and a stable climate at the behest of corporate polluters by seeking to dismantle life-saving methane safeguards. His decision to delay the standards on behalf of his close ally is, quite simply, illegal.feedback

Essam al-Marzouq

Russia is on board preliminarily ... Compliance from Russia is very good. Everyone will continue on the same level.feedback

Ammar Al Hakim

But we are with the principle of reducing the overall OPEC supply to lift prices.feedback

Ammar Al Hakim

Given these sensitive circumstances, it is the right of Iraq to hope for an exemption by the other OPEC member states and have an opportunity to increase its production.feedback

Mike van Dulken - Accendo Markets

Calls for another negative open come after a mixed session on Wall St and in spite of a decent performance in Asia overnight. Blame can be pinned on another drop in oil prices which will likely put another dent in the FTSE via disproportionately influential Oil Majors, with a negative read across for a commodity sector still troubled by lower metals prices and global growth uncertainty. Geopolitics is also keeping market guessing ahead of this weekend's too tough to call first round French presidential election.feedback

Art Cashin

The oil prices haven't fully kicked in down here. If oil breaks $50 here, I think it's going to be going to center stage.feedback

Mike Wittner - Société Générale

That tug of war in the mind of the market is bullish OPEC cuts, bearish U.S. recovery. That's still the market driver.feedback

Gene McGillian - Tradition Energy

There's a lot of talk the [OPEC] agreement is going to be extended, but we have a full month to go before the [OPEC] talks are held. I think the real thing is without signs the production cuts are really impacting global inventories the market has trouble holding up near the upper end of the trading range. The market has a hard time sustaining itself within striking distance of the year's highs.feedback

John Kilduff - Again Capital

There was a big jump in refinery utilization. We went from 91 percent to 92.9 percent. We're approaching full capacity when you start getting up around these numbers. It's bearish for gasoline in particular, to the extent the end product value comes down and pulls down the price of oil with it. The fact we're only down a million barrels on crude in the face of the refinery run rate speaks to how well supplied we continue to be. There was a misperception out there that when the refinery runs are finally cranked back up that you'd see these crude oil inventories plummet, and that's not the case.feedback

John Kilduff - Again Capital

We've gotten down pretty quickly to test $50 support. It's been sticky … the big number to watch is $47. If we break that we're going to go to $42 and touch the November lows.feedback

John Kilduff - Again Capital

[Wednesday's] crude drawdown was not as large as expected. There was also a large jump in refinery capacity utilization ahead of the peak summer driving season. That's weighing on the perception of the [EIA] report. That's another bearish sign for oil prices.feedback

John Kilduff - Again Capital

In other words, production of these refined products is expected to rise, increasing inventories.feedback

Kemi Adeosun

We very much are benefitting from the improved oil price, you know it went as low as $28 a barrel. So the region that it is in at the moment, it gives us the ability to plan. What we didn't need was volatility, we need much more stability which the OPEC deal has given us.feedback

Stephanie Lindeck - Julius Baer Group

In the long run we doubt that the associated stability will be enough to calm investors' concerns over what is pretty much a totalitarian state. Furthermore, Turkey remains highly vulnerable to interest-rate hikes, a strong USD and the rise in oil prices. We therefore reiterate our out-right negative stance on bonds, equities and the lira going forward. With the 'Yes' in the constitutional referendum Turkey stepped back decades in time. The associated stability is a false friend, which will eventually turn away foreign investment and leave Turkey weaker than before.feedback

Carsten Fritsch - Commerzbank

Is sentiment on the oil market now taking a negative turn again? Looking at the latest price reactions, one might conclude that the only reason for the previous price rise was the expectation of further production cuts on the part of OPEC. After all, the oil price has stopped reacting to the factors which would normally support it ever since the Saudi oil minister (Khalid) al-Falih put at least something of a dampener on such expectations.feedback

Gregorio Mendoza

I've just graduated ... and what I've got in the bank isn't enough for a bottle of cooking oil. We're poorer every day.feedback

Naomi Ages - Greenpeace

If the Trump administration allows Exxon to move forward with extreme offshore oil drilling in Russia despite sanctions, the United States Congress must resist. Removing barriers to Exxon drilling in the Russian Black Sea with a state-controlled company like Rosneft would not only jeopardize global progress on climate change and provide momentum for a similar waiver in the Russian Arctic, it would also send a message to Russia that it can intervene in any country, including the United States, with no consequences.feedback

Will Gibson

We can get smoked out pretty easily. The flames didn't reach us last year but the smoke was pretty intense.feedback

Damian Asher

Burning light fuels like dry grass started a month earlier than normal (this year).feedback

Sukrit Vijayakar

Unless the (EIA) data shows something drastically different, this report should cause a severe dent in the bullish case (for oil prices).feedback

Mike van Dulken - Accendo Markets

Calls for a negative open for equities come after losses on Wall St amid mixed corporate results overnight (Yahoo! beat, IBM missed), another leg down for Crude Oil drove a poor session in Asia and additional GBP strength took FTSE futures lower. Copper may be off its worst levels, but remains in a clear downtrend, although a rebound for Iron Ore offers some respite for a commodity sector troubled by scepticism about stimulus; too much in China and nothing to show yet from Trump in the US.feedback

Jim Cramer

They aren't created equally and they aren't all a place to run to in a selloff. In fact, many buybacks disappear when times get tough and can't be relied upon, as we saw when the oils came crashing down when oil plunged in 2014.feedback

Dubravko Lakos-Bujas

S&P 500 is expected to deliver [its] strongest earnings growth in 22 quarters with momentum driven by recovering U.S. and global economic growth, higher oil prices, and rising rates for financials.feedback

Emmanuel Macron

I want to take the best of the left wing, of the right wing, and even the best of the center. Some would like France to become Cuba without the sun or Venezuela without the oil.feedback

Jenny Ping - Citigroup Global Markets

Following +11% share price performance over the past 9m, disappointing and potentially value destructive German offshore wind auction price, as well as the widely expected possible further placing of 7% of DONG Energy share in May by New Energy, we downgrade DONG Energy to Neutral.feedback

Jasper Lawler - CMC Markets

It's not a coincidence that the French CAC index was one of the biggest fallers today, because ... French election risk is coming to the fore. The polls are neck-and-neck at the moment, so it seems a good chance that a political outsider is going to win.feedback

Niels Wichmann

We have a common sea basin where we can fish. We have always had that. The British claim of getting back your waters is a nonsense, because you never had them. Maybe for oil or gas but not for fish.feedback

George Los

I can't think of any situation similar to this anywhere else in the world right now.feedback

Bill Nygren

I think most of the energy companies are valued [on a] enterprise value to EBITDA [earnings before interest, taxes, depreciation and amortization] ratio and that ignores the massive amount of property that Chesapeake has that will become highly valuable if oil and gas prices rise at all from here.feedback

Victor Smith

This is not your dingy lit, oil-on-the-floor manufacturing facilities. These are LED-lit, epoxy-sealed floors with robots everywhere.feedback

Mark Papa

Demand for oil has been more robust than anyone imagined three years ago.feedback

Candice Bressler

The leak has been completely stopped, both the crude leak and the natural gas leak, which is great news for the North Slope.feedback

Dieter Helm

Slowly companies have adjusted to the idea that maybe we won't see $100 oil again. Then, maybe not even $80 to $90. Now, even $60 oil seems a bit aspirational. But there is still a dominant zeitgeist within the oil majors that there is one last hoorah to come. I don't think there is.feedback

Dieter Helm

They'd never do it because no company board would contemplate running a smaller company tomorrow than today. It's not in the zeitgeist of the corporate world we're in, but that's what they should do. What the oil companies did was borrow to pay their dividends on the assumption that this is a temporary problem. It's my view that it is permanent. If you look at both the rapid growth in emissions and the rapid growth of oil, fossil fuel and all commodity prices, it was while China was doubling its economy every seven years. This is a phenomenal rate.feedback

Dieter Helm

As prices come down you'd expect producers to supply less – that's normal economics. On the contrary, in oil as output falls the production goes up. Why? Because the marginal cost of production in the Middle East is around $10 and the marginal cost in Russia is $20. So even at $50 you're making a profit. And if you're an authoritarian regime and you need $100 oil to balance the country's budget while surrounded by radicals and insurgents, then you pump as much as you can.feedback

Dieter Helm

For most of the second half of the last decade I have been the odd maniac in the room – the madman who thought that oil prices were going to fall.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. And it's not due to concerns over climate change – it's city air pollution. Suppose you're sitting in Saudi Arabia: until now you've been reasonably confident in assuming that if you don't pump the oil today it will be worth more tomorrow. But if you believe in my view that oil will be worth even less tomorrow, then what do you do? You pump even more now which will take the price down even further.feedback

Dieter Helm

Short of a nasty war – which itself would bring a price spike but not a recovery – I can't see any reason for oil prices to go up. Curiously, I think many of the people in oil companies agree with me on that. What they don't agree with is the short term.feedback

Dieter Helm

As the oil price fell, at each point, oil executives said that the price would go back up again.feedback

Spencer Dale - BP

Many low-cost producers have rationed supply with a view that if they do not produce a barrel today they can produce a barrel tomorrow. I think it is increasingly likely that there will be technically recoverable oil reserves which will never be extracted.feedback

Khalid al-Falih

The energy mix to produce electricity will change, today the kingdom uses large quantities of oil liquids, including crude, fuel oil and diesel. So the percentage of renewable energy by 2023 (will be) 10 percent of total installed capacity in the kingdom. Since the restructuring of the energy sector ... one of our key priorities is to engage with the private sector.feedback

Charlie Leykum - CSL Capital Management

The U.S., with its substantial inventory capacity and swing oil producer status, should see strong onshore activity for the next few years.feedback

Brett Clanton - BP

BP is in the process of shutting in a well at the Prudhoe Bay oil field that experienced an unplanned release of hydrocarbon. No people were in the vicinity of the well at the time of the release and there are no injuries. Crews have secured the site, the fire department is on the scene and crew members are now working to safely shut in the well. All necessary notifications have been made to state and federal regulators.feedback

Abdelwahab Derbal

We will assure that the elections are clean. It's not easy to change things from one day to the next.feedback

Djamal Ould Abbas

We have to vote massively to reinforce political and security stability in the country, and offer support for President Bouteflika. I am not a police officer. ... The affair is in the hands of justice.feedback

Brett Clanton - BP

Based on an overflight with infrared cameras, the release appears to be contained to the gravel pad surrounding the wellhead and has not reached the tundra.feedback

Chris Namovicz

In 2040, renewables will still be third, behind both coal and natural gas.feedback

Richard Asplund

The reason solar stocks have done poorly is a big oversupply of panels, which drove down the price. Pricing looks better for this year and next.feedback

Richard Asplund

The solar industry is a global industry. U.S. installations are less than one-quarter of global. Trump is a negative for solar, but Trump by himself isn't going to kill the solar business.feedback

Edward Guinness

I think the presence of wind and solar production in red states could splinter the G.O.P. on Trump's plans. The sentiment on the sector is terrible. We're excited about the transition from a government market to a nonsubsidized market.feedback

Ryan Issakainen

Policies that favor coal over other sources would be sound in places like West Virginia. But if you're in the middle part of the country where you've got more opportunity for wind power, you're not going to be supportive of pro-coal policies.feedback

Garvin Jabusch

The windiest places in the country are all red states.feedback

Lesley Hughes

The extraordinary devastation being experienced on the Great Barrier Reef is due to the warming of our oceans, driven by the burning of coal, oil and gas. It would have been virtually impossible for this to have occurred without climate change. This isn't just an environmental issue. The Great Barrier Reef is one of Australia's greatest economic assets. It's responsible for bringing in more than $7 billion each year to our economy, while also supporting the livelihoods of around 70,000 people. A healthy Great Barrier Reef underpins the tourism industry and the jobs that it supports.feedback

John Park

We'll know if the PRC leadership is serious when we see reports of Beijing actually cutting off the supply of refined oil products into the DPRK. With no refining capabilities, the DPRK is highly dependent on the PRC for its primary energy needs. The DPRK would grind to a halt.feedback

Lee Seung-moon

This year's overall domestic oil products demand growth is expected to slow.feedback

Joseph M. DeThomas

If you want to rely on sanctions to achieve your goal, you have to find a way to persuade or force the world into going all the way to a near full embargo or at least an embargo on key commodities like petroleum and on North Korean hard currency export earnings. Only if the regime sees continuation of sanctions as fatal will it consider change.feedback

Alexander Kornilov - Aton

The rouble has let the (oil) companies down - the first-quarter results will be worse because of the strong rouble.feedback

Harry Liu - IHS Energy

The 9.2 million bpd of crude imports is definitely a shocking number. That means China built close to 1.7 million bpd of crude inventory in March, way off the chart from any perspective.feedback

Andreas Fibig

That's the reason why we went into that kind of technology. What everybody wants now in the U.S. ... is a clean label, so not too many chemicals on the label. And that's something which helps us to facilitate that market trend.feedback

Jim Cramer

I am still concerned about its gigantic yield as a red flag – meaning the company might have trouble paying that dividend to shareholders – but the issuance of all this stock will help immensely when it comes to dealing with any potential shortfall. But the pipeline stocks? As more and more crude gets discovered, these are some of the best remaining Trump trades out there. I would buy them aggressively.feedback

Jeffrey Currie - Goldman Sachs Group

There is more confidence in long-term oil prices than we've seen in 15 years. Now they plan for $51 this year and get somewhere around $51. And they do not borrow, they do not save, and you reduce the correlation not only between oil and the dollar, but oil equities, oil credit and all the different asset classes. The core of our view is really where we are in the business cycle, a strong underlying cyclical economy begins to stress the ability for the system to deliver the commodities.feedback

Jeffrey Ubben

Over the remainder of 2017, we anticipate we will make more significant, partial sales of core positions and receive a $500 million dividend from Baker Hughes Incorporated upon the closing of its merger with General Electric's oil and gas division. Combined, these actions should adequately fund new investments, given the current market environment.feedback

Jeffrey Halley

(The) Saudi Arabian production reduction appears to be ahead of forecast and gave oil a boost.feedback

Edward Heerema

We've worked on preparations for such a long time, we don't see a spot to worry particularly about. Of course, when things go wrong they come from an unexpected angle.feedback

Alistair Hope - Royal Dutch Shell

If you remember back to the 1970s, there was not a lot of thought to decommissioning, or recycling and sustainability.feedback

Edward Heerema

The fast lift is to make sure you don't have a reimpact of the topside on the base, which you might have with a big wave. It is done with a tremendous amount of compressed air.feedback

Michelle McGrade

There are some conflicting forces out there. There's OPEC and there's U.S. shale gas and oil. U.S. is making shale oil like crazy and therefore the supply is greater than demand.feedback

Adam Waterous

The macro theme playing out is the 'Canadianization' of the heavy oil business. These assets tend to be very capital intensive upfront but once they're onstream they have long reserve life and tend to have high free cash flow. From a Canadian investor's perspective, that's really compelling. The market is saying the sun has set on the oil business. I'm willing to bet against that. I find the environment right now to be very compelling. You've got a pessimistic market, you've got low costs in Calgary and you've got new technology being developed.feedback

Luciano Orengo - Manulife Asset Management

We're bullish energy. I don't expect oil prices to go gangbusters from here, but you could get a rally to $58 or so before you see more concerns about more supply coming from the U.S.feedback

Michael Cohen

We're still of the view that we're going to see a sharp price rally at some point occur in this quarter, and we believe inventories continue to be drawn down.feedback

Michael Cohen

Now you're kind of placing a wedge between the key players because of this [U.S.] policy. The question is whether oil policy can be separate from economic or national security policy. I think it aligns in some places and it's a concern in other places. In history there have been many cases where OPEC countries were at each other's throats, but they were able to come to a deal.feedback

Ryan McKay - TD Securities

We're seeing encouraging inventory reports. They've been building much less.feedback

Michael Cohen

What really matters are three people – [Iranian President Hassan] Rouhani , [Saudi Deputy Crown Prince] Mohammed bin Salman and President Putin. If you figure out their positions, then you have a good idea of what's going to happen. I haven't seen a quote from any of those three lately.feedback

John Kilduff - Again Capital

You have to question whether the Syrian situation has now become a proxy that divides them more than the low oil prices united them. So that's a big deal here. The real test is going to come as we get to these warmer months and do the Saudis ramp up production to meet their internal demand. On the surface, it will look like Saudi production is spiking. These are the easy days to comply with the deal. But the hard days are coming.feedback

Michael Cohen

For the geopolitical situation you could bend bearish or bullish. When you have Iran and Saudi Arabia now in even further conflict, and also Iran and Russia in alignment on one side of the U.S. and Saudis, and Russia not seeing eye to eye on Syria, it complicates the ability of those OPEC ministers and Russia to have an amicable outcome. That could be bearish.feedback

Michael Cohen

OPEC wants to rip off the Band-Aid as soon as possible, and allow the prices to move back up to the $60 range on the force of the market alone. They realize they can't do that if the deal stays in place and they all have to comply. Eventually the compliance is going to show that certain countries are bearing more of the burdens than others.feedback

Michael Cohen

They see rig count increase in the United States and forecasts by a bunch of tight oil producers that production should be higher ... so at some point the question of whether they continue this is going to hinge on whether OPEC wants to continue seceding market share ... to non-OPEC producers.feedback

Doug Leggate

We believe the inflection point in Hess' investment case is just around the corner, with the broader sector pullback positioning the shares with amongst the highest upside in the sector as implied by our price objectives. We expect oil and gas production to trough in 2Q17 ... This is likely to kickstart an extended period of growth in 2018/19.feedback

Noureddine Bouterfa

Growth of output mainly natural gas will continue in a sustained way for the medium term and beyond.feedback

Noureddine Bouterfa

We have engaged a dialogue with oil firms to shed light on their understanding of our laws, including their apprehensions with regard to taxes and to bring the necessary corrections so we can boost the development of our partnership and make our country more attractive.feedback

Jim Caron - Morgan Stanley & Co. International

Inflation data should be weaker as year-over-year oil price comparisons decline and thus do not contribute to a rise in headline inflation. True for U.S. and Europe.feedback

Jake Dollarhide - Longbow Asset Management

You've had a lot of geopolitical news that could have driven this market a lot lower, and I think it's a huge relief that the market has held up so well.feedback

Bob Doll - Nuveen Asset Management

One of our predictions this year is we're going to have higher volatility. It's to be expected with all the economic uncertainties, all the geopolitical uncertainties.feedback

Manash Goswami

We have a positive outlook for 2017 as a number of key economic indicators are pointing to an expansion in economic activity and we see positive growth trends in revenue and earnings in both Canada and the U.S.feedback

Manash Goswami

In terms of valuations, the Canadian (energy) names look fairly attractive versus U.S. peers.feedback

Andy Lipow - Lipow Oil Associates

I think [gasoline] can go higher. It really all depends on the oil market and we're seeing risk premium.feedback

Peter Cardillo - First Standard Financial

Until we get into earnings season, I don't think we're going to do much of anything. I think we're just stuck in the middle of a range.feedback

Peter Boockvar - The Lindsey Group

At least right now, what I'm most interested in this week is hearing from the bank CEO's who report earnings on Thursday. Are companies tapping the capital markets instead of utilizing bank loans? Are companies just lessening their demand for credit because of already high leverage ratios?feedback

Bruce Bittles - Robert W. Baird & Co.

The equity markets escaped through a minefield of potentially damaging economic and geopolitical news and events last week to finish the period little changed. The geopolitical developments add a level of uncertainty but could serve the markets well by keeping investor confidence from gaining too strong a foothold.feedback

Randy Frederick

There's no economic data today and it's a short trading week. I would expect a quiet, sideways low-volume week.feedback

Phil Flynn

There are a few geopolitical problems at the moment. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market.feedback

Helima Croft - BC Capital

We see it grinding higher over the back half of the year, recently. . If these strikes are not followed up by a serious effort to oust the Syrian leader [Bashar Assad], none of these scenarios may materialize and the oil implications will remain negligible. However, given that President Trump had previously signaled deep disdain for humanitarian interventions and Middle Eastern military engagements, we are now in uncharted waters.feedback

Jim Cramer

I know it's counter intuitive to like higher rates and higher oil prices but these are signs, at least to some market participants, that the economy is still strong even as last month's hiring seems disappointing. We need to see some proof that April's started off better than March finished. I would actually like to own the stock ahead of that meeting.feedback

Michael Cohen

One of the most important factors that led all of these countries to actually get to a deal back in November of 2016 is the involvement of Russia. If we are now looking at this possibility that there is this … wedge between some of the key players, then the likelihood of an amicable outcome on May 25 is therefore less. That is important to take into account if you have the possibility of further conflict in a place like Iraq, in a place like Yemen and the rest of the region.feedback

Neil Wilson - ETX Capital

The overall trend remains one of very strong job creation. This alone won't stop the Fed from hiking twice more this year. A war in Syria might -- geopolitics has taken on much greater significance again.feedback

John Kilduff - Again Capital

People are nervous ahead of the weekend. If you have Iran and Russia in the mix, a significant amount of oil hangs in the balance in that regard.feedback

Ole Hansen - Saxo Bank

[Russian President Vladimir] Putin's response, therefore, has to be watched closely. The world still awash in oil. The risk of this developing and impacting oil supplies from the region, especially from Iraq is very limited.feedback

Bob Doll - Nuveen Asset Management

We think economic sentiment may be too high and elevated confidence may make investors vulnerable to downside economic surprises. To be sure, we are not expecting a significant economic slowdown, but the nearly non-stop pace of positive economic data is unlikely to continue. At some point, a setback will likely be triggered by a manufacturing decline, soft oil prices, weakening data from China or some other factor, which could spark a risk-off phase.feedback

Torbjorn Tornqvist - Gunvor Group

I expect to remain a dominant shareholder in the group for the foreseeable future.feedback

Jeffrey Halley

The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line. What will be the response of Iran and Russia, two of the world's largest oil producers and staunch allies of the Assad regime?.. We will have to wait for these answers as the day moves on.feedback

Peter Costa

I think the Fed has wanted to see wage growth a little better, and they're not getting it.feedback

Peter Costa

It's a little less than expected. This is an economy that's getting better but it's not getting better quickly.feedback

Giovanni Staunovo - UBS

Syria is a tiny oil producer and there are no key oil pipelines which could be hit. Today's oil rally might lose steam or even reverse during the day unless the airstrike heightens tension between Russia, Iran or Iraq and the U.S.feedback

Harry Tchilinguirian - BNP Paribas

The strike, at least for now, appears retaliatory rather than the indication of the beginning of direct involvement by the U.S. in Syria. Pending the next developments, the recent oil price move may start to shift back. It is too early to tell at this juncture.feedback

Cathy Barrera

As long as we see the unemployment rate decline, we will see more rate hikes.feedback

Shakil Begg - Thomson Reuters

Speculation that global crude supply is tightening has led to firmer prices this week but Thomson Reuters oil research indicates actual crude shipments from Opec remain steady with exports for both February and March near levels since last November, after a seasonal dip in January.feedback