ExxonMobil Executive Issues Stark Warning To US Consumers
ExxonMobil's Senior Vice President Neil Chapman has warned that global oil prices could rise significantly due to dwindling reserves. He indicated that prices might increase by nearly $70 if the ongoing Iran War continues to disrupt shipping lanes. Chapman noted that the current inventory levels of crude oil and related products are alarmingly low, which could lead to prices reaching as high as $150 to $160 per barrel.
- ▪Neil Chapman warned that global oil prices may soar as reserves dwindle.
- ▪He predicted a near $70 increase in oil prices if the Iran War continues to disrupt shipping lanes.
- ▪Chapman stated that commercial inventories of crude oil and related products are at unheard of low levels.
Opening excerpt (first ~120 words) tap to expand
Energy ExxonMobil Executive Issues Stark Warning To US Consumers (Photo by Frederic J. BROWN / AFP via Getty Images) Benjamin Roberts Associate Editor May 29, 2026 12:03 PM ET May 29, 2026 12:03 PM ET Benjamin Roberts Associate Editor Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); An oil executive warned on Thursday that global oil prices may soar even higher as reserves dwindle.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Dailycaller.
Discussion
0 commentsMore from Dailycaller
