HOUSTON, March 23 (Reuters) - Chevron ( CVX ) CEO Mike Wirth
said he is uncertain how quickly shut-in production in the
Middle East can come back amid the ongoing conflict in the
region.
"'It will take time to come out of this," he said on Monday at
the CERAWeek conference in Houston. He said that current oil
prices could stimulate more U.S. production growth, depending on
the length of the conflict. Tightness in the energy market due
to closure of Strait of Hormuz has not been fully priced in to
forward curve, he added.