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Chevron CEO says physical shortages in oil supply to begin appearing

Posted on May 4, 2026
By Google News
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1 min read

Chevron CEO says physical shortages in oil supply to begin appearing

Chevron Chairman and CEO Mike Wirth said ‌on Monday that physical shortages in oil supply would begin appearing around the ⁠world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes.