Exxon Mobil warns global oil inventories may hit record lows soon, potentially driving crude prices to $150-$160 per barrel and prompting market rebalancing through reduced demand.
Exxon Mobil's SVP Neil Chapman warned at a Bernstein conference that global oil inventories are approaching record lows, with crude potentially spiking to $150–$160/barrel. Energy-intensive sectors and companies with unhedged exposure should reassess fuel cost assumptions in 2026 budget models, as a supply-driven price shock would pressure margins across logistics, manufacturing, and data center operations.
Exxon Mobil has warned of a potential spike in global oil prices
May 29, 2026
01:44 pm
What's the storyExxon Mobil, a leading US energy company, has warned of a potential spike in global oil prices.
The company has predicted that the world's oil inventories could soon hit record lows, pushing crude prices up to $150-$160 per barrel.
Exxon warns oil inventories near record lows, price spike ahead
Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Supermajor Warns Oil Prices Could Hit $160 Within Weeks | OilPrice.com
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
Oil Could Stay Above $100 for Years, Analysts Warn | OilPrice.com
Oil prices could hit $160 per barrel amid Strait of Hormuz disruptions
Why Hasn’t Oil Hit $150? | OilPrice.com
US energy executives warn of massive oil supply crunch
Why Hasn't Oil Hit $150 (Yet)?
'Brent will shoot up': US energy executives warn of massive oil supply crunch
