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ConocoPhillips sees oil price floor rising to $70 a barrel, chairman says
Lance said the Middle East conflict has tightened supply and could keep global demand weak until 2028 or 2029.
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5 Articles
5 Articles
ConocoPhillips sees oil price floor rising to $70 a barrel, chairman says
LONDON, Oct 5 (Reuters) - ConocoPhillips Chairman Ryan Lance said on Monday he expects the oil price floor to rise to around $70 per barrel and sees a mid-cycle price of $65 to $70 per barrel for the US West Texas Intermediate crude benchmark. The g...
On Monday, Ryan Lance, Chairman of the Board of Directors of CONOCO Phillips, expected that the minimum price of oil would rise to about $70 per barrel, estimated at an average price of US$ 65-70. Lance, during the Intelligence Energy Forum in London, added that the global oil system had been under pressure because of this year's Middle East conflict, but had not collapsed.
Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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