September 16, 2019 / 9:31 PM / 3 months ago

Chevron CEO: Saudi oil strikes won't have much short-term impact on U.S. oil production

FILE PHOTO: Chevron Corp Vice Chairman Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

(Reuters) - Attacks on Saudi oil plants will not have much impact on U.S. oil production in the short term, Chevron Chief Executive Michael Wirth told CNBC in an interview on Monday.

He also said that a potential full scale war in the Middle East will “very likely” move oil prices higher.

Wirth added that he cannot speculate on how the recent attacks are likely to affect the initial public offering plans of State oil giant Saudi Aramco.

Reporting by Kanishka Singh in Bengaluru

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