Iran Sanctions ‘Have Not Been Enforced’ and Russian Oil Still Gets to Market
Chevron CEO Mike Wirth said on CNBC's “Squawk Box” on Tuesday that “Russian crude remains on the market” despite sanctions against Russia. He added that “sanctions imposed on Iran have not been implemented.” Wirth said, “Gasoline prices in the United States are determined by supply and demand and competition. It's not set by the president […]
Chevron CEO says Red Sea risk to oil ‘very real’
The CEO of oil giant Chevron said on Tuesday that ongoing tensions in the Red Sea are causing an “extreme impact” on oil flows and prices as Yemen's Houthi rebels step up attacks on Israel and commercial shipping in the region. It warned that it posed a “real” risk. Question from CNBC Regarding the impact […]