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Global oil supply will not snap back quickly after Iran war, Phillips 66 CEO Lashier says.
Phillips 66 CEO Mark Lashier predicts Middle East oil disruption impacts will linger for years.
KEY POINTS
- Lashier states that global oil supply will not recover quickly after the recent Iran conflict.
- Some oil market effects will rebound quickly, but others will have a prolonged recovery timeline.
- Phillips 66 sees the 'tail effect' of oil shocks profoundly shaping market conditions long-term.
COMPANIES
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