$100 Dollar Oil By Year End - Exclusive: Russia plans deep March oil export cuts, sources say

Pioneer CEO Sees $100 Oil By End Of Year

Brent crude oil will be around $100 per barrel by the end of the year, Pioneer CEO Scott Sheffield has predicted.

Oil has been rangebound over the last five or six months, Sheffield said, although Chinese demand is picking up

"significantly".

"I think that what we'll see…. Brent will break $90 this summer and climb back up to $100 sometime in the second half of the year." He expects WTI to be in the low $90s by the end of the year.

Despite the calls for $100 oil, Pioneer's CEO reiterated that capital discipline is still the name of the game, adding that its shareholders haven't changed their view on that. "We see no change at all," Pioneer CEO Scott Sheffield told Bloomberg today.

Exclusive: Russia plans deep March oil export cuts, sources say

Russia plans to cut o ...