Chevron Warns Middle East Oil Supply Recovery Will Take Time Amid Regional Conflict
Chevron CEO Says Strait of Hormuz Disruptions and Iran Conflict Could Prolong Global Oil Market Tightness The Chief Executive Officer of Chevron, Mike Wirth, said he remains uncertain about how quickly oil production in the Middle East will recover following supply disruptions linked to the ongoing conflict involving the United States, Israel, and Iran. Speaking on Monday at the annual CERAWeek conference in Houston, Wirth warned that restoring shut-in production capacity will be a gradual
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