Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish following the departure of western oil companies, Chevron Chief Executive Mike Wirth said.
In a meeting with Wall Street Journal reporters and editors this week, Mr. Wirth noted that many countries continued to buy crude from Russia, one of the world’s top oil producers along with the U.S. and Saudi Arabia.
Source: finance.yahoo.com
Related posts:
Kala Pharmaceuticals stock up 750% in 3 days after upbeat FDA news on PCED treatment
Robinhood revenue misses expectations, shares sink
Bank of America Pounds the Table on These 3 Buy-Rated Stocks
California’s Surging Energy Bills Are Its Own Fault
Microsoft stock dives into the red after forecast misses, CFO warns about deceleration