Oil may hit $100 but volatility will also grow, say energy CEOs

Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.

“There is quite a chance to reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility,” TotalEnergies Chief Executive Patrick Pouyanne said at the Qatar Economic Forum.