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Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’—and diesel relief may not come until 2027
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4 Articles
4 Articles
Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’—and diesel relief may not come until 2027
Mike Wirth says commercial stockpiles, emergency reserves, and once-sanctioned barrels have all been tapped, leaving the global energy system more exposed just weeks before the midterms.
·New York, United States
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The engine reached $6.53 per gallon in the US, compared to about $3.76 before the war. Stock repair is expected in 2027.
·Romania
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Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’
The Iran war has pushed fuel prices to record highs, and the head of America’s second-largest oil company says the world has run out of easy ways to absorb the shock. “Those are all buffers in the system that have bought us time, but they’ve been drained,” Chevron CEO Mike Wirth told CNBC’s Squawk Box […]
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Total News Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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