Overview
Chevron Corporation is a US-based multinational energy company. During the 2026 Hormuz crisis, it was a seller of physical crude into European markets at elevated premiums.
Physical Market Activity (April 14, 2026)
On April 14, 2026, Chevron sold a May 5-9 WTI Midland cargo to Moeve at Dated Brent +$21.85 CIF Rotterdam. This added to the suite of record premiums documented in European crude markets that day, alongside the Phillips 66-to-Total deal at +$22.80.
Like the Phillips 66 transaction, this sale illustrated the extreme physical supply scarcity in European markets and the willingness of European buyers to pay record differentials to secure crude supply disrupted by the Strait Of Hormuz|Hormuz closure.
Significance
Chevron's participation as a seller at record premiums reflected the broader reorientation of US crude flows toward European destinations as Gulf supply was disrupted, with US exporters capturing the arbitrage.
References
- Daily Brief: Apr 14, 2026 — HFI Research physical market data--- institutions/Chevron.md
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Source
Compiled from oil-shock-monitor-kb daily briefs and institutional sources.