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Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply,Russell Hardy, CEO of Vitol, the world’s largest independent oil trader, said on Thursday. World oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts ...

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