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Chevron CEO on oil market supply: The fundamental issues are not resolved
CNBC Television· 2026-07-31 16:00
are filling their strategic reserves. So, they've taken a lot of demand pressure off of the markets at the same time as we've seen some of these buffers help with supply. Uh that's bought time, but it hasn't resolved the fundamental issue that we've got uh disrupted uh flows in the straight uh now in the Red Sea.uh there's been some issues in the Black Sea and uh and so the system remains under a lot of stress and it's been really important that the US has been as a key a supplier and able to help the rest ...