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Chevron CEO Warns Crude Buffers Depleted as IEA Flags Massive Oil Drain

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Chevron CEO Mike Wirth warned that global oil buffers preventing price spikes are exhausted, tilting crude risks upward.
  • The IEA confirmed global inventories plunged by 95 million barrels in August amid geopolitical conflict, pushing diesel to record highs and driving strong upside momentum across energy markets.
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