The available fleet capacity proves insufficient to meet the needs, said Russell Hardy, CEO of Vitol Group, the largest oil trader in the world, at a conference, adding that "prices are skyrocketing." #petrol #transportmaritim #economiebancara (translated)
Russell Hardy
"The supply of ships is simply insufficient to meet the demand," confirms Russell Hardy, CEO of Vitol Group, the largest independent oil trader in the world. #Pétrole #TransportMaritime #Economie (translated)
Russell Hardy, the CEO of the commodities trading company Vitol, emphasized that getting through the winter will depend on maritime oil exports from the Middle East. #petrol #rezerve #preturi (translated)
"The world relies on maritime oil deliveries from the Middle East to maintain market balance during the winter, as there are no more reserves to be tapped in the West," highlighted Russell Hardy, the CEO of the commodity trading company Vitol. #naftnaindustrija #zalihe #energetskaikriza (translated)