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12/1/2022, 7:01 PM (Source: TeleTrader)
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OPEC trying to be 'stewards' of stable market - Chevron CEO

Chevron Corp.'s CEO Mike Wirth stated on Thursday while speaking at the Economic Club of New York that the Organization of the Petroleum Exporting Countries (OPEC) has been trying to act as "stewards of a stable market."

Thus, Wirth remarked that the organization is most probably going to continue to focus on the stability of the oil markets during its next meeting. The head of Chevron further said that the risks in the crude market are "skewed more to the upside."

Touching upon the subject of the use of fossil fuels, Wirth highlighted that "it's going to be decades" before society can stop relying on them.

Baha Breaking News (BBN) / AY