Era of bribes is over, say commodities trading chiefs
The CEOs of Trafigura, Vitol and Gunvor say they have learnt lessons from the 2010s scandals.
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The CEOs of Trafigura, Vitol and Gunvor say they have learnt lessons from the 2010s scandals.
Get latest articles and stories on Business at LatestLY. According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists in withholding crude from global markets. Business News | Crude Oil Prices Can Hit USD 100 a Barrel in 2024 if OPEC Maintains Cuts: Vitol CEO Russell Hardy.
The world’s largest independent oil trader sees crude oil prices trading in the range between $80 and $100 per barrel this year.
The ex-CEO of Shell has said that oil companies listed in New York enjoy higher stock valuation than those listed elsewhere.
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