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Demand is very weak and the price environment is quite intense".
"We are adapting well to the new price environment," Hamm said.
"We see this as one of our best marketing tools, especially in a rising price environment".
Further capex cuts are the logical response to lower price environment we find ourselves in and could get more brutal (i.e. projects cut) if the price environment gets more desparate next year.
"This is a healthy commodity price environment driven by the difficulty in expanding production more than anything else".
If you are a coal or nuclear generator, this higher power price environment can be a big positive.
Similar(6)
"So, for the consumer the issue is 'Are the companies taking advantage of a high-price environment?'.
That's the stated objective, to find a way for the economy to prosper, even in a low-price environment," Morse said.
But Russia is at risk itself in this low-price environment, because half of the state's revenues come from oil and gas.
So, for the consumer the issue is 'Are the companies taking advantage of a high-price environment?' And we will ensure they don't do that on behalf of consumers".
"Non-Opec production has been delivering consistent record growth since May 2013, allowing the market to cope with an almost complete shutdown of production in Libya, sanctions on Iran, and slowing production growth in Iraq … A lower oil-price environment with increased volatility is likely to prove challenging for the whole oil sector".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com