Tillerson: $50-60 likely for 3-5 yearsLance, Sheffield agree, but IEA, Saudi minister, OPEC, Pouyanne warn massive investment cuts will result in oil supply shortfall KAY CASHMAN Petroleum News
While the International Energy Agency, OPEC, Saudi Arabia’s oil minister and Total’s chief executive have warned of a looming oil supply crunch due to massive industry spending cuts designed to help producers weather a prolonged price downturn, ExxonMobil, ConocoPhillips and Pioneer’s top executives....
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ConocoPhillips’s Ryan Lance agrees Saudi Minister Falih argues market is balancing
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