Post Tagged with: "supply growth"

Source: Reuters

Pioneer sees $70-$100 oil as supply growth remains constrained

Oil Price

Oil prices are set to rise later this year and trade in the $70-$100 range over the next three to five years as supply growth remains limited and OPEC+ continues to restrict output, according to a top executive …

June 12, 2023 - 2:30 pm — Capital Markets, Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
Source: Reuters

Oil hits new high near $75 on demand rise, falling inventories

Reuters

LONDON -Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.

The American Petroleum …

June 16, 2021 - 10:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
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