World's Largest Oil Trader Warns Energy Markets Are Under-Pricing Supply Risks

Source: https://www.zerohedge.com/energy/vitol-warns-oil-markets-are-underpricing-supply-risks-commodity-traders-brace-higher-prices
Published: Apr 3, 2022
Author: Tyler Durden
Post Date: 2022-04-04 00:10:01 by Horse
Views: 50

"Oil prices could be higher given the risk of disruption of supplies from Russia. But people are still lost figuring out those numbers."


Poster Comment:

Prices here dropped ten cents a gallon. But I expect prices to go back up around Easter as that is a vacation period and lots of people visit their families. It is the beginning of drive time for the summer. If Bidet releases more oil from the Strategic PR, then he can keep prices down so Americans can drive more at the expense of foreigners. This will draw down worldwide reserves and force prices sharply higher.

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