Vitol: US will supply Europe with more than a million barrels of oil daily

Alparslan Ozturk
Post's author

More than a million barrels per day of US crude is expected to go to Europe to fill the gap in Russian supplies, Vitol's Chief Executive Officer Russell Hardy told a forum at the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022 conference, Report informs, citing Reuters.

According to him, Russian oil is expected to come to Asia and the Middle East, while refined fuel produced in these regions will flow to the West as the global oil trade is disrupted by sanctions.

Latest news

Bloomberg: US oil exports to China dwindle as demand wanes, buying shifts 27 December, 2024 / 20:57
Eurostar chaos as London-Paris train stuck in Channel Tunnel for 2.5 hours 27 December, 2024 / 20:46
Algerian president sends letter of condolence to Ilham Aliyev 27 December, 2024 / 20:33
Meeting of Azerbaijan's state commission to investigate airplane crash held in Baku 27 December, 2024 / 20:22
Croatian president sends message of condolence to Ilham Aliyev 27 December, 2024 / 20:17
Ukraine receives $485M from US and World Bank 27 December, 2024 / 19:50
King of Jordan offers condelences to Azerbaijani President Ilham Aliyev 27 December, 2024 / 19:29
Plane crash victims commemorated at Azerbaijan's Permanent Mission to UNESCO 27 December, 2024 / 19:19
Relative of Bashar Assad detained in Lebanon airport 27 December, 2024 / 19:05
Minister: Claim about oxygen tank explosion on AZAL plane made by dispatcher in Rostov 27 December, 2024 / 18:38
Speakers of Kazakhstan and Belarus speak with Sahiba Gafarova 27 December, 2024 / 18:28
Minister: Azerbaijan exercised its right to involve international consultants in plane crash investigation 27 December, 2024 / 18:02
Flydubai cancels Sochi and Mineralnye Vody to Dubai flights until Jan. 5 27 December, 2024 / 17:39
Russia denies negotiating with Azerbaijan and Kazakhstan on plane crash theories 27 December, 2024 / 17:36
Russia shares grief and pain of Azerbaijani friends, Russian deputy FM says 27 December, 2024 / 17:32