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Chevron CEO Mike Wirth said signs of physical crude oil shortages are emerging.
Chevron CEO Mike Wirth warns that physical crude oil shortages are now emerging globally.
KEY POINTS
- 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
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