Trump officials say the oil-market disruption is temporary, but Chevron’s Mike Wirth and others warn global supplies are running low, with no respite in sight.

The warning comes as the Wall Street Journal reports growing concerns among oil executives that the world is facing a prolonged fuel crisis. According to the report, the disruption in the oil market is not temporary, as some Trump officials have suggested, but rather a sign of deeper supply issues.

Chevron CEO Mike Wirth and other industry leaders have voiced alarm that global oil supplies are dwindling, and they see no quick fix. The executives caution that without significant changes, the situation could worsen.

The Wall Street Journal US Business report highlights that the industry is bracing for a difficult period ahead, with no clear end in sight to the crisis.