Numerous
oil industry analysts and executives have said similar things [PDF].
«While the fourth quarter was a disaster for both, Chevron got back on track» in the first quarter, said Brian Youngberg,
an oil industry analyst at Edward Jones.
But it is all too little, too late, says Victor Poleo,
an oil industry analyst and former energy minister.
Naturally, the company takes a different view of this issue,» Pavel Molchanov,
an oil industry analyst with Raymond James, said in a statement, according to the Washington Post.
Not exact matches
Internal studies by a group of
analysts within Shell known as the «scenarios» team had concluded that global demand for
oil might peak in as little as a decade — essentially tomorrow in an
industry that plans in quarter - century increments.
«Simplification, standardization and deflation are repositioning the
oil industry for better profitability and cash generation in the current environment than in 2013 - 14 when the
oil price was above $ 100 a barrel,» Goldman Sachs
analysts said in a research note on Wednesday, as quoted by Bloomberg.
Current WTI prices are not that far from a US$ 40 - per - barrel
oil, which has the
industry and
analysts wonder how low an
oil price the U.S. shale can afford.
The majority of
oil executives and
industry analysts still believe that $ 50 - $ 60
oil will continue as the new normal, with U.S. shale supply growing stronger every time
oil prices rise above $ 50.
Local media have reported that China could launch a crude
oil futures contract priced in yuan as early as Jan. 18, although
analysts and
industry executives who spoke to Breakingviews believe a later start is more likely.
Crude
oil prices have dropped more than 50 per cent since June to around US$ 50 per barrel, causing some
analysts to predict doom and gloom for Canada's
oil and gas
industry and economy as a whole.
On a positive note,
analysts have also said that the higher
oil prices could lead to increased investments in
oil production and the
oil industry, which have waned in previous months.
As
industry job cuts top 200,000 worldwide, Exxon has kept its 75,300 - strong workforce intact with none of the sweeping layoffs seen at other
oil companies, including its biggest U.S. rival Chevron Corp. «Exxon is just stronger financially than anyone else out there,» Brian Youngberg, an
analyst at Edward Jones & Co. in St. Louis, said in an interview.
But
oil prices are now critically low, Alberta has capped on
oil sands emissions, and
industry analysts worry about a pipeline overbuild.
«
Oil is recovering on some bargain hunting after the drop below $ 47 a barrel proved unsustainable and news of a possible strike in Norwegian oil and gas industry,» said Commerzbank analyst Carsten Frits
Oil is recovering on some bargain hunting after the drop below $ 47 a barrel proved unsustainable and news of a possible strike in Norwegian
oil and gas industry,» said Commerzbank analyst Carsten Frits
oil and gas
industry,» said Commerzbank
analyst Carsten Fritsch.
Oil and gas industry analyst Jim Burkhard discusses the motivation for the release of oil from strategic reserves, starting at the end of this w
Oil and gas
industry analyst Jim Burkhard discusses the motivation for the release of
oil from strategic reserves, starting at the end of this w
oil from strategic reserves, starting at the end of this week
February 29, 2012 •
Industry analysts say
oil prices rose ten dollars a gallon in February, driving up gas prices at the pump.
With the possible exceptions of California and Chicago, gasoline prices in most U.S. markets probably won't even touch the $ 2 mark this year,
oil -
industry analysts said Monday.
Considering how DHT operates in the
oil market, the
industry has had it rough the past couple years but DHT met
analysts» expectations and had a good Q2, so I can't complain too much.
Internal studies by a group of
analysts within Shell known as the «scenarios» team had concluded that global demand for
oil might peak in as little as a decade — essentially tomorrow in an
industry that plans in quarter - century increments.
Some
analysts believe the prices are being kept artificially low by over-production in Saudi Arabia, aimed perhaps at scuppering the U.S. shale -
oil industry.
Many
analysts are suggesting that — with prices falling and production costs rising — the coming year could be when investors realize the game is up for the coal and
oil industries.
I can't speak for
oil and gas
analysts, but I'd be surprised based on past experience in the
industry if the risk of a 10 % or greater drop in global demand for
oil or gas in the 2030s would have much of an effect on their price targets for companies — certainly not enough to qualify as a bubble.
Energy market
analyst Christine Tezak told the Times, «From a market perspective, the
industry can find a different way to move that
oil... How long it takes is just a result of
oil prices.
Energy
analysts and investors expect President Donald Trump will ratchet up sanctions against socialist Venezuela to include the country's
oil industry.
The U.S. shale
oil boom is becoming its own worst enemy, say
industry analysts, who see the supply glut pushing the price of
oil so low it may become uneconomical to pry petroleum from those tight rock formations.
The Lofoten Declaration was written in August 2017 at a gathering in the Lofoten Islands of Norway of academics,
analysts, and activists, all of whom recognize that globally we have a window of opportunity to limit the expansion of the
oil and gas
industry, in order to achieve the Paris climate goals.
And legal
industry analysts say that at least a half - dozen more national firms are trying to find a way to open a presence in the state in hopes of grabbing some of the
oil and gas work.
PROFILE Results - oriented Measurement
Analyst & Loss Control Professional with more than 25 years of experience in the
oil and gas
industry.
Hamlin Harkins, Berkeley • CA 2009 — 2010 Financial
Analyst Intern Efficiently supported financial consulting, and developed models to determine return on investments (ROI) and internal rates of return for projects that included those for
oil and gas, agriculture and banking
industries.