EOG's CEO is forecasting higher oil prices soon - June 22
Posted: Thu Jun 22, 2023 10:01 am
https://www.reuters.com/markets/commodities/us-shales-muted-reply-opec-oil-cuts-limit-supply-executive-says-2023-06-21/
"We're a short term away from seeing the market tighten even further," EOG's chief operating officer, Lloyd Helms, said at a JP Morgan energy conference. "We are more constructive on where oil prices could go."
U.S. natural gas prices also could be supported this year by fewer drilling rigs in shale-gas basins at a time when liquefied natural gas (LNG) demand is expected to peak, Helms said.
"We're a short term away from seeing the market tighten even further," EOG's chief operating officer, Lloyd Helms, said at a JP Morgan energy conference. "We are more constructive on where oil prices could go."
U.S. natural gas prices also could be supported this year by fewer drilling rigs in shale-gas basins at a time when liquefied natural gas (LNG) demand is expected to peak, Helms said.