Explore the latest developments concerning Exxon chief warns.
Exxon chief warns of skyrocketing energy prices as shareholders approved plan to exit blue state
Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset.
Powered and implemented by FactSet Digital Solutions.
Legal Statement.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy
'The Big Money Show' panelists discuss the U.S. and Iran reaching a deal to extend the ceasefire, the situation in the Strait of Hormuz and the impact on the markets.
ExxonMobil's Senior Vice President Neil Chapman issued a stark warning to the public that energy prices may explode upwards in the coming weeks on the same day his company's board approved moving the company's corporate structure from New Jersey to Texas.
Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Exxon Mobil warned Thursday that oil inventories will fall to record low levels in coming weeks, forcing prices to spike and curbing demand.
"We're approaching unheard of inventory levels," said Exxon Senior Vice President Neil Chapman at a conference hosted by Bernstein in New York.
"I mean really, really low levels," Chapman warned. "You can debate whether that's going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you'll see price shoot up."
The price of physical Brent oil cargoes will spike to $150 to $160 per barrel when inventories hit all-time lows in coming weeks, the executive said. "When the price gets to a certain level, demand destruction brings it back into balance," he said.
Intex 26325EH Ultra XTR Deluxe Above Ground Swimming Pool Set: 16ft x 48in – Includes 1500 GPH Cartridge Sand Filter Pump
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Exxon chief warns.
0 Comments