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    Home > Chemicals Industry > Petrochemical News > Global oil prices have risen by 50% this year Oil giants said: the next 5 years will be tight

    Global oil prices have risen by 50% this year Oil giants said: the next 5 years will be tight

    • Last Update: 2023-02-15
    • Source: Internet
    • Author: User
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    Since 2022, global oil prices remain high, and still rising, this half year has risen by 50%, there is still no trend of price reduction, oil giant ExxonMobil is even more statement, the next three or five years will be tight
    .

    ExxonMobil CEO Darren WooDS reportedly said in Qatar that the global oil market is likely to continue to be tight over the next three to five years, mainly due to the lack of investment since the beginning of the epidemic and the need for oil companies to "catch up" with the required investment to ensure adequate oil supply
    .

    Since the beginning of this year, global oil prices have risen by 50%, averaging $110 per barrel
    .

    On June 11, according to the latest data from the American Automobile Association (AAA), the average retail price of ordinary gasoline at gas stations across the United States on that day exceeded $5 per gallon (about 8.
    87 yuan / liter), the first time
    in the history of the United States.

    A year ago, the average gasoline price in the U.
    S.
    was $3.
    07 per gallon, and gasoline prices have soared 62 percent in
    a year.
    The U.
    S.
    has lower fuel taxes, which has also alarmed
    auto-loving Americans at soaring prices.

    U.
    S.
    President Joe Biden slammed ExxonMobil for not producing more oil on the 10th, and he supported more taxes on oil companies, "ExxonMobil has made more
    money this year than God.
    " ”

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