Post Tagged with: "dire situation"

Source: CNBC

Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO

CNBC


As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away.

“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve never …

March 8, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People