Vitol CEO Sees Oil Priced Between $40 - $60 For a Decade
09:03 - Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. "It’s hard to see a dramatic price increase," Vitol Group BV Chief Executive Officer Ian Taylor told Bloomberg’s Ryan Chilcote in an interview, saying prices were likely to bounce around a band with a mid-point of $50 a barrel for the next decade. UBS Head of Global Asset Allocation Mads Pedersen joined Chilcote on set with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” for further analysis.
How Long Will Chinese Growth Rates Decline For?
Twitter: Bloomberg West (Full Show 02/05)
Bloomberg Best: Mark Hurd
Please upgrade your Browser
Your browser is out-of-date. Please download one of these excellent browsers: