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Chevron chair/CEO says oil price going above $100 - "It’s fundamentally supply and demand"

Chevron chairman and CEO Mike Wirth spoke in a US TV interview, CNBC, on Monday. He pithily wrapped up what's driving the price higher:We’ve seen a global economy that is continuing to do pretty well. We’ve seen some production cutbacks in some of the OPEC countries come on top of a market that was already showing some tighteningIt’s fundamentally supply and demand, and prices have been firming here for a number of weeksI think risks remain more to the upside than the downsideSaid US oil is goin...
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Posted: Sep 25 2023, 20:35
Author Name: forexlive
Views: 0911100