Middle East warfare impacts the basic oil market! Chevron (CVX.US) and Motiva impose emergency supply restrictions.

According to the Wisdom Financial APP, as the ongoing Middle East war continues to disrupt a niche sector in the global crude oil market, two high-end engine oil key raw material suppliers have reduced their delivery volumes to the lowest level allowed by contract. According to insiders, Chevron (CVX.US) and Motiva Enterprises, a subsidiary of Saudi Aramco, have assigned the minimum contract delivery volumes for three types of Group III and two types of Group II base oil to multiple customers.