Sep 27th, 2023
No Demand Destruction at $90 a Barrel Oil: Devon Energy CEO Rick Muncrief
Devon Energy CEO Rick Muncrief doesn't see demand destruction at 90$ a barrel oil. He also expects to spend less next year to sustain oil and natural gas output as record oilfield inflation begins to abate. Still, he says, tight labor-market conditions remain an impediment to growth. Muncrierf spoke to Bloomberg's Alix Steel at the American Energy Security Summit in Oklahoma City.
