Exxon warns oil prices could reach $150-$160 per barrel as inventories approach all-time lows
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CNBC
3d ago· 1 min readenNews
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Summary
Exxon executive Neil Chapman warns that physical Brent crude oil prices could spike to $150-$160 per barrel once global oil inventories hit all-time low levels, signaling a severe supply crunch in the energy market.
Key quotes
· 1 pulledThe price of physical Brent oil cargoes will spike to $150 to $160 per barrel once inventories hit all-time lows
The price of physical Brent oil cargoes will spike to $150 to $160 per barrel once inventories hit all-time lows, Exxon executive Neil Chapman said.
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