Lance also forecast that domestic oil production may reach 14 million to 14.5 million BPD if prices remain stable. This output growth targets the expansion of crude supplies through a system he characterized as strained but intact, maintaining a strategic priority on boosting domestic volumes.
Tuesday, October 20, 2026
Story
ConocoPhillips Predicts $70 Oil Price Floor
Commodities16 days ago
Chairman Ryan Lance told the Energy Intelligence conference in London on Monday that the mid-cycle valuation for U.S. crude is shifting. The ConocoPhillips executive projects that West Texas Intermediate (WTI) benchmarks will range from $65 to $70 per barrel and that the overall market price floor will likely climb to $70.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.