Saturday, June 13, 2026
Chevron CEO Michael Wirth isn’t anticipating higher oil prices because of Iran-US tensions- oil and gas 360

Chevron CEO Michael Wirth isn’t anticipating higher oil prices because of Iran-US tensions

CNBC Chevron Chairman and CEO Michael Wirth does not anticipate significantly higher oil prices from increased Iran-U.S. tensions. “Fundamentally supply and demand remain where they were before these incidents,” he said Tuesday on CNBC’s “Squawk on the Street” from the Goldman Sachs energy conference in Miami Beach, Florida. “We haven’t seen anything that’s actually changed that … Fundamentally markets, while they see

Premier Oil plans $500 million rights issue for North Sea buying spree- oil and gas 360

Premier Oil plans $500 million rights issue for North Sea buying spree

Reuters LONDON- Premier Oil is set to buy North Sea assets from BP and increase its stake in the Tolmount gas project, funded by a $500 million rights issue, but faces opposition from hedge fund ARCM, which vowed to fight the plans. Shares in UK-based Premier surged as much as 19% after it said on Tuesday that it plans to