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EconomyVitol CEO says Western countries have no oil inventories left

Vitol CEO Russel Hardy said fuel markets remain extremely tense and Western countries have no oil inventories left to draw down. He expects the fuel-market crisis to persist for several more months, with petroleum products likely to remain very tight through and beyond the winter.

oil inventoriesfuel marketsupply tightness

TTASS★★★☆☆2026-10-06 17:45Original

Vitol CEO says Western countries have no oil inventories left
Economy