Chevron CEO Mike Wirth warned Tuesday that physical crude oil shortages are beginning to emerge. These supply constraints could impact Asian economies before other global regions.
Geopolitical tensions and disruptions in the Strait of Hormuz continue to throttle maritime traffic. This instability affects a significant portion of global energy supplies and drives price volatility.
Oil prices recently reached 2026 highs due to these disruptions. Potential shortages create uncertainty for exploration and production companies, including those heavily weighted in the VDE ETF.