Occidental CEO Forecasts $60 Oil Through 2026, Bullish on Long-Term Outlook

Occidental Petroleum CEO Vicki Hollub expects oil prices to remain steady between $58 and $62 per barrel through 2026, with stronger gains to follow in the longer term. Speaking at the Energy Intelligence Forum in London, Hollub said she remains “very bullish on oil prices, not this year or next, but I’m bullish on oil prices,” noting that supply constraints could tighten the market after 2026. Hollub also projected that U.S. oil production will likely peak between 2027 and 2030, suggesting a potential sh ...