Oil Prices Near 'Demand Destruction' Territory, ConocoPhillips CEO Says

Описание: Oil prices are so high that demand for crude-derived products such as gasoline soon may start to shrink, ConocoPhillips Chief Executive Officer Ryan Lance said. He says "prices are encroaching upon the area of demand destruction." Lance also talks about ramping up shale demand and how a U.S. ban on Russian oil impacts markets. He spoke to Bloomberg's Kriti Gupta.