Global oil shortages to hit within weeks – Chevron CEO
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May 5, 2026
Concerns over availability will soon replace fears about price, according to Mike Wirth Physical oil shortages could begin to emerge worldwide within weeks due to the Middle East war and continued closure of the Strait of Hormuz, Chevron CEO Mike Wirth has warned. Attacks on energy infrastructure and a dual shipping blockade in the critical waterway […]
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