– Yes, we have seen the bottom, especially if barrels from Iran is prone to later this year, says the boss of the world’s largest independent oil trading company Vitol, Ian Taylor, Financial Times, writes DN.
Taylor was on a commodity seminar in Lausanne, Switzerland, when he spoke about the oil price.
– There are some signs of recovery in demand, but it is not clear yet whether it is driven by lower prices or growth, says Taylor .
He also pointed out that it is no longer profitable to buy oil for storage on ships.
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