Free Trial

Oil Market ‘Comfortable’ at Current Prices: Vitol

OIL

Global crude oil markets are expected to be fairly stable this year at around $80/b, Vitol CEO Russel Hardy said at the Energy Institute conference, cited by Reuters.

  • He said the market was very comfortable at the $80/b level.
  • Hardy added that peak oil would come in the early 2030s.
  • "Oil demand has a good few number of years still to climb ... before it plateaus," Hardy said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.