Exxonmobil’s Ceo Thinks Saudi Arabia’s Oil Market Outlook Is Dead Wrong

newsfeedback@fool.com (Matthew DiLallo), The Motley Fool
Sat, 10/22/2016 - 9:00am

Image source: Getty Images.Saudi Arabia's energy minister recently warned that there could be a global oil supply shortfall in the coming years, which could push crude prices much higher. Driving this view is the expectation that production from legacy wells will decline by a significant amount over the next few years and that there is not enough production in the pipeline from megaprojects to offset these declines.

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Topics:  images   saudi arabia   opec   oil   crude   years   production   view   
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