Pickering Energy Partners LP
06/12/2026 | Press release | Archived content
Chevron CEO: Oil Market Running on Borrowed Time as Safety Cushions Shrink
The global oil market has avoided the catastrophic supply crunch many feared when the Iran war broke out, but it's far from balanced.
The market is being subsidized by emergency measures that, by definition, are only temporary solutions, experts said at Bloomberg's Energy Security Executive Briefing in Houston on June 12.
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