ConocoPhillips Chairman Sees Oil Price Floor Rising to $70/Bbl
ConocoPhillips Chairman Ryan Lance stated that he expects the oil price floor to rise to around $70 per barrel and sees a mid-cycle price of $65 to $70 per barrel for the US West Texas Intermediate crude benchmark.
ConocoPhillips NYSE:COP Chairman Ryan Lance said on Monday he expects the oil price floor to rise to around $70 per barrel and sees a mid-cycle price of $65 to $70 per barrel for the US West Texas Intermediate crude benchmark. He said the global oil system bent, but did not break, because of this year's Middle E...