Vitol expects oil to rally as OPEC and Venezuela cause shortage

*Squeeze on heavy supply probably to last 6 months: Vitol CEO *U.S. shale output could change market by 4Q with new pipelines 24 February 2019, London — The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a “shortage” of … More »