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Reuters

Reuters

Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Reuters
Summary
Nutrition label

81% Informative

Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025 , says Vitol CEO Russell Hardy .

Oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts in 2025 .

China faces squeeze on supplies of cheap Iranian crude, which make up about 13% of imports by the world's biggest importer.

VR Score

92

Informative language

98

Neutral language

73

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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