COVID Forces Exxon To Slash Oil Price Forecast ...Middle East

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COVID Forces Exxon To Slash Oil Price Forecast
source : OILPRICE ( Middle East ) () 13
In the wake of the pandemic, ExxonMobil has significantly lowered its expectations about oil prices for the next seven years, expecting Brent Crude to average between $50 and $55 a barrel until 2025, The Wall Street Journal reported on Wednesday, citing internal Exxon documents it had reviewed. Exxon, unlike its peers in Europe, does not publicly disclose its internal assumptions about oil prices.   Both Exxon and the other U.S. supermajor, Chevron, continue to see their in-house oil price forecasts as proprietary information, despite increased…

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