Statoil CEO Saetre Sees Uncertainty in Oil Markets

The video discusses the current state of the crude oil market, highlighting uncertainties and the sustainability of current prices. It emphasizes the importance of building resilience in the industry, managing costs, and maintaining strong cash generation. The discussion also covers forecasts for shale output, cost pressures, regulatory impacts, and changes in the investor base. The video concludes with insights into demand trends and the shift towards renewable energy.

What factors contribute to the uncertainty in the current oil markets?

How does the speaker expect the price of crude oil to trend in the medium term?

What are the implications of low investment levels in the oil industry over the past few years?

What strategies is the company implementing to build resilience in the face of market downturns?

How does the speaker view the future of cash generation in the oil industry?

What are the expected impacts of shale production on the overall oil market?

In what ways is the company preparing for potential regulatory changes in the oil industry?