Oil CEO John Hess: Oil Markets Close To Being Balanced ...Middle East

Speaking at the Goldman Sachs Energy, CleanTech, and Utilities Conference in Miami, Hess CEO John Hess shared his perspective on the oil market, suggesting it is closer to being balanced rather than oversupplied in 2025. This outlook comes despite concerns over demand from China and increased production by U.S. and non-OPEC producers. Hess expressed optimism about the shale oil market and the company’s growing prospects in Guyana. However, he also warned that political risks, particularly involving Iran and Venezuela, could contribute to…

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