Chevron CEO Issues a Stark Warning. Oil Prices Haven’t Peaked.
Chevron CEO Mike Wirth warned at the CERAWeek conference that energy markets are not accurately reflecting the oil supply shock from the war in Iran. He stated that crude futures should be higher given the amount of supply taken offline and infrastructure damage. Wirth believes oil prices have not yet peaked.
https://www.barrons.com/articles/chevron-ceo-crude-oil-prices-futures-f65915b8?gaa_at=eafs&gaa_n=AWEtsqccPT-hUE3A2Nwolmtlm19fgNkfCF13hrSDls1DYYrNFpV5VOF-tAEW&gaa_ts=69c29e1f&gaa_sig=HjIKd7VSDSnf4BhsxO5Da7d5PXAGqKgHo-5jeGZWN8hcQW8rct5tJVtOoy2yCST-7f9UForn4YBlcTbHMBtc_A%3D%3D