ExxonMobil and Chevron won't boost oil output despite Trump pressure and surging prices from the Iran war. Both say production can't be scaled quickly and the disruption is too short-term to justify a strategy shift. - FT
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Darren Woods
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Economy
Exxon CEO on Strait of Hormuz Flows
Exxon CEO Darren Woods: It will take 1-2 months for normal flows to resume after the Strait of Hormuz reopens.
Economy
Iraq Revenue Covers Half of Expenses
Iraq's government revenues cover just half of its expenses, according to a government financial advisor.
Al Mada reports 15-25% of investment liquidity could leave the country. ExxonMobil and BP are both reviewing their presence in Iraq.
- Shafaq, Al Mada.
