Vitol CEO Russell Hardy claims Western oil inventories are exhausted due to the Iran war, warning of tight fuel markets through winter despite G7 emergency reserve announcements.
Vitol CEO Russell Hardy reports 14 million barrels daily leaving the Middle East, balancing global energy markets amid disruptions. However, winter tightness persists due to refining capacity losses,
Vitol purchased at least 25 million barrels of Iraqi crude in September, leveraging its logistics clout amid US-Iran tensions. The deal highlights how regional conflicts have reshaped Middle East oil
Vitol CEO Russell Hardy warned global oil-product stockpiles are at historic lows amid tight markets driven by geopolitical conflicts. Diesel prices hit record highs as refining capacity struggles to
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