Chevron CEO expects USD 100 oil price as a result of limited supply

”Supply is tightening, inventories are drawing, these things are happening gradually and you can see it building up,” states the oil firm’s top executive.
Photo: Dado Ruvic
Photo: Dado Ruvic

The oil price is likely heading towards USD 100 soon due to limited supplies, predicted Chevron CEO Mike Wirth according to Bloomberg News on Monday, with Brent oil prices reaching a ten-month high of just under USD 95 per barrel.

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