Chevron CEO Sees Oil Prices Rebounding On Tightening Supply ...Middle East

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Chevron CEO Sees Oil Prices Rebounding On Tightening Supply
source : OILPRICE ( Middle East ) () 57
Oil prices might be down on Wednesday, but that situation could be short-lived, according to Chevron CEO Michael Wirth, who spoke at the CNBC Evolve Global Summitt on Wednesday. According to Wirth, the market is still tight, recession or no recession. “The tightness in supply hasn’t gone away,” Wirth said. “I think it’s great for the economy that prices have moderated, but I also see the risks remaining skewed towards the upside.” Oil prices slipped below $100 per barrel on Wednesday in volatile trade as the…

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