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Ергин Дэниел

Daniel Yergin

Vice Chairman, IHS Markit
Quotes
07.06.2019
SPIEF 2019
A Strategic Pathway for Energy Companies in the Platform Economy
We have surveyed oil and gas companies, and we can see that the companies are experimenting, although these are just very early stages, with integration of digital capacities and artificial intelligence <…> Digitalization is a key factor for more efficient operations and reduced costs of hydrocarbon extraction
07.06.2019
SPIEF 2019
Global Energy Sector: Challenges and Opportunities
Today oil is the king of fuels in transportation, but it is hard to say how long it is going to be this way. Major important changes are happening now; we can go back to geopolitics and correlate these things
22.01.2019
Russia House in Davos 2019
The Russia Economic Outlook
Last year the average price for Brent was USD 71 with a lot of volatility, this year we think it will be in the high 60s, which meets the Russian targets
22.01.2019
Russia House in Davos 2019
The Russia Economic Outlook
There is a double risk for the oil price […] What happens to US shale oil, how fast does that grow? What happens in terms of the trade dispute and slowdown in China?
22.01.2019
Russia House in Davos 2019
The Russia Economic Outlook
Things change. Ten years ago, the US was going to be abig importer of the LNG […] There were going to be three countries in terms of LNG exports, but now it looks like there is going to be a fourth one, and thatis going to be Russia. Russia now has a whole new element, the Northern Sea Route. People are just now beginning to realise that Russia is going to be a big player […] That is a political target for Washington, D.C.
22.01.2019
Russia House in Davos 2019
The Russia Economic Outlook
The new relationship between Russia and Saudi Arabia is quite significant for both countries
22.01.2019
Russia House in Davos 2019
The Russia Economic Outlook
Our latest economic analysis has Russia growing last year at 1.6%, this year at 1.3%, and the reason is weakness in personal consumption which makes up about 50% of the GDP, while the strength of the economy comes from the non-oil exports
25.05.2018
SPIEF 2018
Transformations in the Energy Sector
I think that the most important lesson is that the price matters. When the price is low, we see one scenario, when the price is high it’s a different one. The prices reached this range quite fast. The reason is that the market is returning to balance, while a number of events are unfolding in the world
25.05.2018
SPIEF 2018
Transformations in the Energy Sector
We believe that the demand will weaken this year due to the prices. It is going to be a bit weaker globally. The price is important both economically and politically,
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“The sanctions that were put in place were meant at the time when the oil prices were still high, and so the thinking behind the sanctions was not to impact current production, but rather future production,”
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“Sanctions have interfered with the ability of the global industry to be global in terms of the flow of technology, and I think that’s a loss for everybody,”
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“Whatever the impact of sanctions was, it was short term, and Russian production continues to grow, and we see the global technology flows,”
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“Russian industry is competitive: the test of it is that it sells its oil,”
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“The [OPEC+] agreement, which Minister Novak mentioned, is quite a historic one. We struggled for a phrase to describe it, and we called it the Vienna Group, because we can’t think of any other term right now for it. But what it does do, it represents the new reality, that Russia is the largest producer, plus Saudi Arabia, these two countries are the basis of it. It’s a much bigger market that requires this kind of dialogue and cooperation for stability. And it makes sense to have that, there should be a dialogue between producers of this scale,”
24.01.2018
Russia House in Davos 2018
Russian Competitiveness in the Global Energy Sector
“There is no question that the global oil market has become more competitive, because of the arrival of the US shale oil, which has a different kind of timeframe, a different kind of investment profile, a different kind of relation to capital markets, it can go up and down, but at the end of the day, it’s only 5–6% of the global market. But it’s forced to change in thinking about the market and adjusting to it,”