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:
Whether or not the Fed cuts rates is not the right question
A recession in 2024 would burst the biggest stock bubble since the dot-com craze, sending the market...
Here's when experts think the Fed could start cutting interest rates
This Facebook executive’s $4 million stock sale could be another sign of Meta’s rebound
‘The government has about 48 hours to fix a soon-to-be-irreversible mistake’: Hedge-fund titan Bill ...