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Global oil prices rose 50% this year, oil majors say: the next 5 years will be tight

Global oil prices rose 50% this year, oil majors say: the next 5 years will be tight



Since 2022, global oil prices have remained high and are still rising. It's up 50% in the past six months. There is no downward trend yet. important. According to reports, Exxon Mobil CEO Darren Woods said in Qatar that the global oil market is likely to continue to be tight in the next three to five years, mainly due to the lack of investment since the beginning of the epidemic, and oil companies need to "catch up" investment. to ensure an adequate supply of oil. Global oil prices have risen 50 percent this year, averaging $110 a barrel. On June 11, according to the latest data from the American Automobile Association (AAA), on that day, the average retail price of regular gasoline at gas stations in the United States exceeded $5 per gallon (about 8.87 yuan per liter), the highest in history. time in American history. A year ago, the average U.S. gasoline price was $3.07 a gallon, and gasoline prices have surged 62% in one year. America's low fuel taxes have also alarmed car-loving Americans about skyrocketing prices. US President Joe Biden slammed Exxon Mobil on the 10th.
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