Post by the Scribe on Aug 6, 2022 7:29:06 GMT
Oil prices will stay high as production constraints keep supplies tight, top CEOs say
markets.businessinsider.com/news/commodities/oil-price-outlook-stay-high-tight-supply-shell-exxon-ceo-2022-7
Jennifer Sor Jul 31, 2022, 7:44 AM
Atef Hassan/Reuters
Oil prices will continue to stay high as production constraints look to keep crude supplies tight, according to the world's top energy giants.
"There is more upside than downside when it comes to the oil price," Shell's CEO said.
"Clearly, to lower prices, the industry needs to increase investment and catch up to recovering demand. Unfortunately, this will take time," Exxon's CEO said.
markets.businessinsider.com/news/commodities/oil-price-outlook-stay-high-tight-supply-shell-exxon-ceo-2022-7
Jennifer Sor Jul 31, 2022, 7:44 AM
Atef Hassan/Reuters
Oil prices will continue to stay high as production constraints look to keep crude supplies tight, according to the world's top energy giants.
"There is more upside than downside when it comes to the oil price," Shell's CEO said.
"Clearly, to lower prices, the industry needs to increase investment and catch up to recovering demand. Unfortunately, this will take time," Exxon's CEO said.