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World News@quokk.au · 8 days ago

Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher

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Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher

veggibles@lemmy.wtf to

World News@quokk.au · 8 days ago

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cross-posted to:
world@quokk.au

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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RememberTheApollo_@lemmy.world
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8 days ago
Chevron as well.

Everything points to early to mid-July being a tipping point for fuel costs.

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