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ConocoPhillips sees global oil demand returning - executive

09/24/2020 | 12:31pm EST

Sept 24 (Reuters) - U.S. oil producer ConocoPhillips sees global oil demand returning to 100 million barrels per day and growing from there, a senior executive said on Thursday.

The company still expects "quite a bit of uncertainty next year" in oil demand due to the coronavirus, Senior Vice President Dominic Macklon said during a Q&A with Raymond James. Capital spending in 2021 will be "somewhat below" its original planned 2020 level of $6.6 billion, Macklon said. (Reporting by Jennifer Hiller)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CONOCOPHILLIPS 2.24% 40.12 Delayed Quote.-39.61%
LONDON BRENT OIL 2.33% 48.36 Delayed Quote.-27.74%
RAYMOND JAMES FINANCIAL 0.83% 93.71 Delayed Quote.3.95%
WTI 2.89% 45.43 Delayed Quote.-26.33%
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