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Chevron CEO says depleted crude oil buffers could lead to higher prices
Source: reuters.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
Chevron CEO Mike Wirth said oil-market buffers that had constrained crude-price gains during the Iran war have been depleted. He warned that the conflict could drive oil prices higher over the coming months, increasing geopolitical supply-risk premiums for energy markets.
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