The unexpected OPEC+ move from last week and the subsequent oil price surge showed that the alliance is in control of the oil market, according to Vitol Group, the world’s largest independent oil trader. “The market is telling us that OPEC+ have control,” Mike Muller, the head of Vitol’s operations in Asia, said at the Daily Energy Markets Forum hosted by Gulf Intelligence on Sunday.
“We’re going to get a stock-draw that is going to accelerate through the second quarter and that’s why the market…World’s Top Oil Trader: OPEC+ Controls The Market
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