Chevron CEO says physical shortages in oil supply to begin appearing

[Nimitz]

Chevron Chairman and CEO Mike Wirth says that physical shortages in oil supply will begin appearing around the world because of the closure of the Strait of Hormuz, through which 20 percent of the global crude supply passes.

Economies will begin shrinking, first in Asia, as demand adjusts to meet supply while the strait remains closed because of the US-Israeli war, Wirth said during a discussion sponsored by the Milken Institute.

[crane]

Chevron Chairman and CEO Mike Wirth says that physical shortages in oil supply will begin appearing around the world because of the closure of the Strait of Hormuz, through which 20 percent of the global crude supply passes.

Economies will begin shrinking, first in Asia, as demand adjusts to meet supply while the strait remains closed because of the US-Israeli war, Wirth said during a discussion sponsored by the Milken Institute.

惨惨惨啊