18 May 2015
‘Low oil prices keep us sane’ says chairman
Petroleum Economist talks to Dr Fereidun Fesharaki, chairman of consultancy Facts Global Energy, about the future of the energy industry
How is the low oil-price environment affecting the oil and gas business? It makes people more sane. Too much money can make you less careful. They splurge and waste money. But lower oil prices make a substantial readjustment in thinking, and that will be good for the industry. In fact, the low oil prices are at the same levels as they were only five years ago. They’re not going back 50 years. It’s just the last four to five years of excess, which was an aberration. They are being corrected to something more sustainable. Do you think oil prices will continue to hover around $60 a barrel? Or will we see prices above $100/b again? Certainly for the next 10 years it will be in the $60/b rang
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
