The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is piling in floating storage, according to the world’s biggest independent oil trader, Vitol. “The traditional buyers of those two supply sources are reaching for more Western or Saudi supply sources, which is then in turn tightening the real market,” Vitol’s CEO Russell Hardy said at the International Energy Week conference in London…
Hence then, the article about top trader sees sanctions tightening market and lifting oil prices was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Top Trader Sees Sanctions Tightening Market and Lifting Oil Prices )