Vitol CEO speaking in Bloomberg intervieew.
- he sees oil prices at $100+ for ‘a prolonged period’ at some point in the next 6-9 months
- supply will continue struggling to catch up with ‘surging’ demand in the second half of this year
- says shale production is constrained and is not going to be solving the market’s shortage
- expects Iran to add around a million barrels
Quick video interview is here.