The Latest Breaking News from Mike Muller

Surging fuel costs are causing demand destruction, oil trader says

The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader.

Tribune News Service · Jul 3, 2022

Vitol: Oil Prices Don’t Reflect Risk of Disruptions to Russian Exports

Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader. While Brent surged to almost $140 a barrel soon after Russia’s attack on Ukraine…

Asharq Al-Awsat · Apr 4, 2022