Oil Producers in a 'Dire Situation' and Unable to Ramp Output, Says Oxy CEO – NBC 7 San Diego
Oxy CEO Vicki Hollub said U.S. oil output can’t just be ramped up quickly to meet new demand.
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Oxy CEO Vicki Hollub said U.S. oil output can’t just be ramped up quickly to meet new demand.
The International Energy Agency should release 240 million barrels of oil from strategic petroleum reserves, Hess Corp. CEO John Hess said.
U.S. equity futures fell Sunday evening after the Dow finished its fourth down week as investors continued to monitor the fighting between Russia and Ukraine.
U.S. oil surged on Sunday evening as the market continued to weigh supply disruptions from Russia in its ongoing war with Ukraine.
U.S. Secretary of State Antony Blinken said Sunday Washington and its allies are considering banning Russian oil and natural gas imports.