Fadel Gheit
Fadel Gheit
exceeded production terms volume year
Operationally they exceeded expectations in terms of production; their production volume was up significantly from year ago.
bullish driven exceeding fears forecasts industry largely oil past potential prices supply year
Oil prices have been exceeding the most bullish forecasts for the past year and a half, and that's not driven by industry fundamentals, but largely by speculation and fears of a potential supply disruption,
barrels environment exporter increase investment iraq largest million next oil production year
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.
demand entering huge levels lowest period sitting year
We are entering the lowest demand period of the year sitting on huge levels of inventories.
above average both current earnings expect gas given market oil prices record year
Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels. As a result, we expect 2006 earnings to be above 2005 record levels.
agencies companies dependent emerging everybody government instead resources secure somebody trying
Everybody is trying to secure their own resources instead of being dependent on somebody else. All these government-owned companies or government agencies are emerging from the bureaucracy and the state's shadow.
biggest disaster happened lack
The biggest disaster was the lack of information: The refineries - are they up or down? What happened to the platforms?
beyond biggest companies game looking prepared seats table
These two companies are rearranging the seats around the table of the biggest game in town. They are prepared for $12 oil; they are looking beyond that,
compared finally gasoline measure waking
It was like a very long dream, and we're finally waking up. Gasoline by any measure is still very, very inexpensive compared to anywhere.
buy cheaper companies drill instant production reserves street wall
It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.
average bill close cost disposable due economic fuel gas gasoline higher home impacts less means oil paying per power prices purchasing retail rise week
A rise in oil prices stifles economic growth, ... There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the purchasing power of the consumer, as does a higher average home heating bill due to the cost of fuel oil.
equity good market news oil prices rise
A rise in oil prices is not good news for the equity market or the economy.
barrels cutting demand million oil per warm weather
The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.
affected company greater lost production restore volume
The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.