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6 hours ago

Chevron CEO warns aviation strain could worsen as jet fuel crunch deepens

Chevron CEO Mike Wirth warned that strain on the aviation industry could intensify in the coming weeks as jet fuel supplies tighten, driven by disruptions tied to the Iran war.Appearing Sunday on CBS News’ "Face the Nation," Wirth said jet fuel in key regions was already at seasonally low levels before the conflict began, leaving markets vulnerable to supply shocks."It’s not flowing today. So, we are seeing jet fuel tighten very quickly in Europe, in Asia, and we’re seeing airlines announce adjustments in their flight schedules," Wirth said. "I think aviation is clearly an area where it’s goin...

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6 hours ago
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