ExxonMobil VP warns crude oil prices could reach $160 per barrel amid record low inventories
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Summary
ExxonMobil Senior Vice President Neil Chapman warned at the Bernstein Conference that crude oil prices could surge to $160 per barrel in the coming weeks due to critically low reserve inventories. The warning came on the same day the company's board approved moving its corporate structure from New Jersey to Texas.
Key quotes
· 3 pulledWe're approaching unheard of inventory levels.
I mean really, really low levels.
You can debate whether that's going to
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