Oil market 'comfortable' at current prices, says Vitol CEO
Global crude oil markets are expected to be fairly stable this year at around $80 a barrel, Russel Hardy, CEO of oil and gas trader Vitol, said on Tuesday.
Source: naturalgasworld.com
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Oil market 'comfortable' at current prices, says Vitol CEO
LONDON (Reuters) -Global crude oil markets are expected to be fairly stable this year at around $80 a barrel, Russel Hardy, CEO of oil and gas trader Vitol, said on Tuesday. Speaking at the Energy Institute conference, Hardy also said global oil demand is expected to peak in the early 2030s. "Oil demand has a good few number of years still to climb ... before it plateaus," Hardy said.
Source: yahoo.com