U.S. oil majors say oil prices are likely to rise this summer

On May 30, according to CCTV Finance, at a meeting held by investment institution Bernstein, Mike Worth, CEO of American oil giant Chevron, said that due to the situation in Iran, global crude oil inventories continue to decline, and there is a high probability that oil prices will rise in the next two months. The British "Financial Times" reported that Worth's speech reflected widespread concerns that even if the parties to the conflict finalize an armistice agreement, the negative impact of the war on energy prices will continue for several months. In addition, according to CNN's report on the 28th, due to the continued impact of geopolitical conflicts in the Middle East, the United States 'strategic oil reserves are declining at a rate unseen in recent years, and commercial crude oil inventories are also at a low level.