# Chevron CEO Mike Wirth said signs of physical crude oil shortages are emerging.

*business · news · 2026-05-06 · Natural News*

## Key points

- Chevron CEO Mike Wirth warns that physical crude oil shortages are now emerging globally.
- Japan received its first Russian Sakhalin crude shipment in two years due to supply crisis.
- Goldman Sachs reports global oil inventories are depleting at an accelerating pace, even post-war.
- Major oil companies, including Chevron and Exxon, refuse to boost output despite government requests.
- The war has caused over 13 million barrels per day in lost Mideast crude output, IEA says.

**Companies:** Chevron, Goldman Sachs
**Countries:** United States, Japan, Russia

[Read the full story on Natural News](https://www.naturalnews.com/2026-05-06-chevron-mike-wirth-warns-crude-oil-shortages.html)

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