Chevron CEO: Oil and fuel supply buffers thinning amid Middle East conflict
Chevron CEO Mike Wirth stated on Tuesday that oil and fuel supply buffers are becoming thinner due to the ongoing Middle East conflict. He noted that the energy system is more fragile now than earlier in the conflict.
Chevron NYSE:CVX CEO Mike Wirth said on Tuesday that underlying oil and gas market fundamentals are tightening as the US-Israeli war with Iran continues into its eighth month, with oil and fuel supply buffers thinning. He said the energy system is more fragile now than earlier in the conflict.