“Approaching Unheard Of Inventory Levels”: Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil

“We’re approaching unheard of inventory levels. I mean, really, really low levels. Once you get to that point, then you’ll see price shoot up. Once you get to that really low inventory level, up to $150, $160.” – Neil Chapman, SVP at Exxon.

Source: “Approaching Unheard Of Inventory Levels”: Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil