Chevron CEO Warns Oil Markets Tighter Than Investors Think, Prices May Rise Further
ByAinvest
Tuesday, Mar 24, 2026 10:36 pm ET1min read
CVX--
Chevron CEO Mike Wirth states that physical oil and fuel markets are tighter than financial investors realize, implying that prices could rise further if the Strait of Hormuz remains closed. Wirth suggests that physical prices and supplies reflect a tighter market than the forward curve, which is based on financial investors' perceptions.
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