Vitol sees no oil market supply balance before second half of 2017

Vitol sees no oil market supply balance before second half of 2017

October 11, 2016
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By hellenicshippingnews The oil market may see supply and demand rebalance if OPEC and Russia deliver a meaningful enough production cut, but it will still take until the second half of 2017, Vitol chief executive Ian Taylor said on Monday. The Organization of the Petroleum Exporting Countries agreed in Algiers last month to limit output to bring … Read full story ›

Source:: Hellenic shipping news Oil