U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
U.S. Energy Secretary Chris Wright stated that approximately 7 million barrels of oil are now flowing daily from the Persian Gulf, attributing this to U.S. military assistance and increased vessel activity. However, Chevron CEO Mike Wirth offered a more conservative estimate, suggesting that while volumes are rising, they are not yet at the level claimed by Wright. Both executives spoke at a Bloomberg energy event, acknowledging that the market has adapted to disruptions, but concerns remain about the long-term impact of depleted emergency oil reserves. AI
