Posted by on June 21, 2022 3:34 pm
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Oil Market Could Remain Tight For Next 5 Years: ExxonMobil CEO

ExxonMobil CEO Darren Woods does not see oil prices cooling down over the next few years, he said while speaking at the Bloomberg Qatar Economic Forum in Doha on Tuesday.
Woods said that it would take some time for the volatility in the energy market to end. He is expecting oil markets to remain tight for the next three to five years, Reuters reported. He also called on the U.S. government to bring a more efficient investment process while pointing out that ExxonMobil is one of the few companies in America that has been actively investing in the refining sector….

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