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Live Updates  >  Live Update Details

2025-10-31 23:34:10

[Chevron CFO: Ample Supply, Low Oil Prices May Persist into 2026] Chevron's Chief Financial Officer (CFO), Eimear Bonner, stated that the risk of low oil prices could persist into next year due to strong OPEC+ production. Bonner believes, "There has been some production easing in OPEC+, and supply from non-OPEC oil-producing countries is also increasing. We may see some pressure continue this year and into 2026." Analysts predict that supply growth will slow as 2026 approaches, laying the foundation for a potential price rebound. "When we consider the long-term outlook for the oil and gas market, we remain very bullish. Supply and demand will eventually reach equilibrium."

Real-Time Popular Commodities

Instrument Current Price Change

XAU

 3983.42

-17.74

(-0.44%)

XAG

 47.724

-0.335

(-0.70%)

CONC

 60.86

-0.19

(-0.31%)

OILC

 64.66

-0.16

(-0.24%)

USD

 99.923

0.059

(0.06%)

EURUSD

 1.1512

-0.0007

(-0.06%)

GBPUSD

 1.3127

-0.0013

(-0.10%)

USDCNH

 7.1272

0.0028

(0.04%)

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