Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
Publishing timestamp: 2023-10-11 11:37:39
Summary
Pioneer Natural Resources CEO Scott Sheffield believes that if Iran becomes involved in the war between Hamas and Israel, oil prices could significantly increase. The conflict poses a threat to global crude supplies, which have already been reduced by Saudi Arabia and Russia. The article also mentions the current prices of Brent crude and WTI crude. Additionally, it mentions that Exxon Mobil has agreed to acquire Pioneer Natural Resources in an all-stock deal.
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Keywords: exxon mobil corp, stock markets, breaking news: investing, business news, breaking news: business, markets, brent crude oil (dec'20), breaking news: markets, wti crude (mar'23), oil and gas, wall street, pioneer natural resources co, energy, investment strategy,