Exxon warns oil inventories near record lows, warns of potential price spike to $150-$160 per barrel
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https://qz.com/author/Cabili
1mo ago· 1 min readenNews
Summary
An Exxon executive warns that global oil inventories are near record lows, and once stockpiles are exhausted, physical Brent crude prices could spike to $150-$160 per barrel. The warning highlights tightening supply conditions in the oil market and the potential for significant price increases ahead.
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bskyExxon warns oil inventories near record lows, warns of potential price spike to $150-$160 per barrelqz.comKey quotes
· 2 pulledExxon warns oil inventories near record lows, price spike ahead
An Exxon executive said physical Brent crude could hit $150 to $160 a barrel once stockpiles are exhausted
An Exxon executive said physical Brent crude could hit $150 to $160 a barrel once stockpiles are exhausted
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