Oil trader Vitol says prices have little room to rise in the next quarter because global demand growth is faltering

Author: Eamonn Sheridan | Category: News

Weekend comments from Vitol Group executive committee member Chris Bake.

Crude prices will have little room to rise in the next quarter
  • the recovery in global demand slowing due to new coronavirus-related restrictions on the economy
  • conventional wisdom going into the fourth quarter was that things were going to improve ... It doesn’t feel like we have a huge catalyst,” and demand is more “uncertain,” 
Vitol is a Dutch energy and commodity trading company.

Weekend comments from Vitol Group executive committee member Chris Bake.


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