Chevron CEO: Oil and fuel supply buffers thinning amid Mideast conflict
Chevron CEO Mike Wirth stated that the energy system is more fragile now than earlier in the US-Israeli war, with oil and fuel supply buffers thinning, and the oil price floor gradually rising. He noted that the conflict is entering its eighth month.
Chevron CEO Mike Wirth said on Tuesday that the energy system is more fragile now than it was earlier in the US-Israeli war, while the oil price floor is gradually moving higher. He said buffers for oil and fuel supply are thinning as the conflict enters its eighth month, with the underlying fundamentals of the oil and gas market...