| Conoco CEO sees return to $40s unlikely, demand growth doubling | |
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VIENNA, June 4 (Reuters) - ConocoPhillips Chief Executive Ryan Lance speaking on Thursday at OPEC's seminar in Vienna: * "We do see demand rising slightly so it does provide some support for prices." * "It is hard to envision it (the oil price) going back down to the $40s" * "We see world restoring demand (growth) to 1.1 or 1.2 million bpd ... double what it was over the past few years". * On U.S. shale production outlook: "If prices stabilize or improve a bit you will see rigs come back into 2016 and 2017". * U.S. tight oil industry "will survive at $100 and it will survive at $50 or $60 Brent pricing too"
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 152.2 billions as of today (€ 142.1 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 24, 2024 at US$ 129.26. ConocoPhillips has 1 177 107 000 shares outstanding. |