CERAWEEK Oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright says
Reuters·2026-03-23 14:19
Group 1 - Global oil prices have not risen sufficiently to trigger demand destruction, according to U.S. Energy Secretary Chris Wright [1] - The remarks were made during the CERAWeek energy conference in Houston, Texas [1] - As of Monday, global Brent futures were trading over $100 a barrel amid market chaos due to the U.S.-Israel war with Iran, which has impacted key trade points and production infrastructure in the Middle East [2]