Similar Stories to Market Extra: The World’s Largest Oil Trader Sees Brent Plunging To $45 In 2018 on Bing News

Brent oil prices could tumble more than 20% by 2018, as U.S. output surges and adds renewed pressure on an oil market that is already battling with a persistent oversupply, according to Ian Taylor, chief executive officer at Vitol Group, the world’s largest oil trader.

BING NEWS:
  • India's Reliance starts trading US oil setting Brent oil benchmark
    India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the ...
    05/2/2024 - 12:16 am | View Link
  • Ample oil supplies limit impact of Middle East tensions on prices
    The weakening signs in physical markets have been driven by peak refinery maintenance, extra supply from the US, and a recovery from outages at some producers ...
    04/21/2024 - 6:37 pm | View Link
  • Analysis:Ample oil supplies limit impact of MidEast flare-up on prices
    Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders.Brent crude futures ...
    04/19/2024 - 5:57 pm | View Link
  • Ample oil supplies limit impact of MidEast flare-up on prices
    Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders.
    04/19/2024 - 4:57 am | View Link
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