Oil topped $100 per barrel as Middle East tensions pushed crude prices higher, according to Chevron Global Refining President Andy Walz on Varney & Co. Walz warned California's climate policies could drive gasoline prices even higher and threaten the state's energy security, raising the risk of tighter local supply and higher pump prices. The comments highlight potential sector-wide downside from concurrent geopolitical supply risk and policy-driven shifts in refining/energy infrastructure.
Oil topped $100 per barrel as Middle East tensions pushed crude prices higher, according to Chevron Global Refining President Andy Walz on Varney & Co. Walz warned California's climate policies could drive gasoline prices even higher and threaten the state's energy security, raising the risk of tighter local supply and higher pump prices. The comments highlight potential sector-wide downside from concurrent geopolitical supply risk and policy-driven shifts in refining/energy infrastructure.
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