10Lun·

Vicki HollubCEO of Occidental ($OXY (+0,39 %) ), warns of a possible bottleneck in oil supply by the end of 2025 due to insufficient replacement reserves for crude oil ($BRNT (+0,29 %) ).


It emphasizes the need for increased exploration (search for new sources of oil) and productionto meet future demand.


Currently, an oversupply keeping oil prices low, but Hollub expects a shift in the balance of supply and supply and demand by 2025.


The forecast of OPEC points to rising global demand for oil, which will lead to a supply supply deficit unless production is increased.

attachment
7
1 Comentario

Imagen de perfil
Fun fact: Production is being cut back due to current overcapacity and economic stagnation. 🤡
3
Únase a la conversación