✉news WarWar first seen 2 d ago, last 2 d ago, peak #7
Chevron CEO warns oil market buffers are drained
Original: Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’
Chevron's chief executive says the spare capacity and reserves that previously shielded oil markets from the shock of the war involving Iran have been 'drained', leaving prices more exposed to further disruption. The warning comes amid ongoing concern about energy supply stability and what further escalation could mean for global oil prices and the world economy.
Why now: Fears that renewed Middle East escalation could now hit oil prices without any cushion in place.
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