Vitol Chief Says OPEC Freeze at Today’s Levels Not Good Enough

  • Producers may need to tighten further to push up price: Taylor
  • Crude seen moving closer to $55 a barrel by end of next year

Vitol CEO Sees OPEC Freeze as Not Quite Good Enough

A move by the Organization of Petroleum Exporting Countries to freeze output won’t be sufficient to buoy the market, according to the world’s largest independent oil trader.

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