Woodside CEO Sees Oil Trading Between $50-$60 in 2017

The video discusses the current and future trends in oil and LNG markets, highlighting the range-bound nature of oil prices due to US drilling and OPEC cuts. It explores the dynamics of LNG demand, driven by emerging markets like Egypt and Pakistan, and China's energy plans. The discussion also covers energy projects, such as the Wheatstone project, and investment strategies, emphasizing the importance of capital efficiency. The video concludes with insights into dividend policies and the broader energy crisis, advocating for a balanced energy mix and efficient production.

What is the expected range for oil prices over the next 12 months?

• $40 to $50 per barrel

• $50 to $60 per barrel

• $70 to $80 per barrel

• $60 to $70 per barrel

How does the LNG market's pricing mechanism affect its response to changes in crude oil prices?

• It responds immediately to changes

• It does not respond to crude oil prices

• It responds after 6 months

• It has a 3-month lag in response

Which countries have unexpectedly become significant players in the LNG market?

• India and Brazil

• Egypt and Pakistan

• Germany and France

• Australia and Canada

What is China's plan regarding its energy mix over the next five years?

• Decrease renewable energy

• Increase gas usage

• Maintain current energy mix

• Increase coal usage

What is the primary consideration for Woodside when deciding between onshore and floating gas field development?

• Government regulations

• Commercial outcome

• Environmental impact

• Technological innovation

What is the main challenge in addressing the energy crisis according to the transcript?

• Balancing affordable and reliable energy supply

• Expanding coal production

• Increasing renewable energy sources

• Reducing carbon emissions

What is the dividend policy of Woodside described as?

• Unpredictable

• Sustainable

• The stuff of legends

• Inconsistent