Oil firms warn of higher prices in years to come

Oil firms warn of higher prices in years to come

Oil firms warn of higher prices in years to come Some of the oil industry’s heavyweights are warning that the current low prices could ultimately lead to surging prices in a few years time. Exxon Mobil and Royal Dutch Shell are among those warning that the cut back in projects that is being seen across the industry could mean weaker supplies later on leading to higher prices. With demand already starting to pick up the cancellation of projects that would have delivered supplies could be the next oil crisis.