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Loews Ceo Tisch Eyes $75 Oil In Two Years

by rigzone.com posted 4months ago 34 views
The head of one US conglomerate is eyeing a rebound that'll bring crude back to $75 a barrel. : (Bloomberg) -- While oil prices remain stubbornly low despite a pledge by OPEC to curb global output, the head of one U.S. conglomerate is eyeing a rebound that’ll bring crude back to $75 a barrel. “What we’ve seen this year is a dramatic increase in production,” Jim Tisch, chief executive officer of Loews Corp., which bought the rest of Boardwalk Pipeline Partners LP it didn’t already own earlier this year, said on Bloomberg TV Monday.

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