Bloomberg on remarks from Vitol on OPEC and sanctions on Iran and Venezuela
A piece from the weekend, comments from Russell Hardy, chief executive officer of Vitol Group:
- oil prices are set to rally further
- citing OPEC output cuts, American sanctions on Iran and Venezuela … a "shortage" of low-quality heavy crudes refiners rely on
- "From here there's probably the potential to be a little bit higher"
- "Oil supply is going to be pretty tight until the third quarter."
