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Global oil supply and demand to rebalance by end 2021 -Occidental CEO

10/14/2020 | 01:30pm EST

Oct 14 (Reuters) - Occidental Petroleum Corp expects global oil supply and demand to rebalance by the end of 2021, its chief executive told the Energy Intelligence Forum on Wednesday.

U.S. crude oil output will grow modestly next year, CEO Vicki Hollub said. Oil demand and prices have tumbled this year as a glut of oil hit the market just before the COVID-19 pandemic swept the globe. (Reporting by Liz Hampton Editing by Chris Reese)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 4.63% 47.92 Delayed Quote.-31.62%
OCCIDENTAL PETROLEUM CORPORATION 6.47% 16.78 Delayed Quote.-67.27%
WTI 4.00% 44.82 Delayed Quote.-30.81%
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