Exxon CEO Darren Woods said oil prices are not yet reflecting the full scale of the supply disruption from the Iran war. He cited tankers in transit, strategic reserves, and commercial inventories as buffers that have temporarily insulated the market. The comments point to elevated upside risk for crude prices if disruption persists or widens.
Exxon CEO Darren Woods said oil prices are not yet reflecting the full scale of the supply disruption from the Iran war. He cited tankers in transit, strategic reserves, and commercial inventories as buffers that have temporarily insulated the market. The comments point to elevated upside risk for crude prices if disruption persists or widens.
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mildly negative
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