Chevron CEO Warns of Rising Oil Prices Amid Depleting Market Buffers
Chevron CEO Mike Wirth issued a direct warning that oil prices could rise sharply in June and July as global market buffers are being depleted due to the ongoing U.S.-Israeli military campaign against Iran. The EIA reported significant declines in both commercial crude inventories and Strategic Petroleum Reserve levels, confirming tightening supply conditions.
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Topics: CEO_commentary geopolitical_impact inventory_data oil_prices