ConocoPhillips (COP) if they see long term call for crude that will result in higher prices, they will invest; not much they can do to impact 2026 production
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Brazil Finance Minister Duggan says they are proposing that states consider a diesel subsidy rather than a direct waiver of the ICMS tax
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ConocoPhillips (COP) if they see long term call for crude that will result in higher prices, they will invest; not much they can do to impact 2026 production
Repsol (REP SM) reportedly plans to triple its Venezuela crude oil production to 150k BPD over the next two years
UK short-term inflation expectations rise to 5.4% (prev. 3.3%) and long term expectations rise to 4.5% (prev. 3.6%) in March, via Citi/YouGov
On the Newsquawk feed at , 20 minutes before this page.
Context
ConocoPhillips' comments signal a long-term bullish outlook on crude oil prices, which implies a willingness to invest in production should conditions allow. However, their acknowledgment of limited ability to influence 2026 production suggests a cautious approach to navigating current geopolitical uncertainties that may impact supply dynamics in the oil market.
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