Oil prices will likely be below $70 per barrel this year, as growing U.S. onshore production as well as rising production from conventional fields will keep a lid on prices, Statoil’s chief executive Eldar Sætre told Reuters on Wednesday.
“I think we will most likely be below $70 a barrel,” Sætre told Reuters, commenting on his expectations for oil prices this year.
Earlier today, Statoil reporte…
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