Oil market ‘comfortable’ at current prices, says Vitol CEO

LONDON  – Global crude oil markets are expected to be fairly stable this year at around $80 a barrel, Russel Hardy, CEO of oil and gas trader Vitol, said on Tuesday. Speaking at the Energy Institute conference, Hardy also said global oil demand is expected to peak in the early 2030s. The crude oil market is “fairly comfortable” at current prices of around $80 a barrel, he added. “The crude market is much less fragile
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