After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil markets for years to come. "I'm worried that it may get too high, above $100 (per barrel)," according to Scott Sheffield, CEO of shale explorer Pioneer Natural Resources Co.
, who was speaking to Reuters in an interview at the Petroleum Congress in Houston on Tuesday. "I hope it stabilizes between an $80 to $100 range over the next…Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100
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