Sasol CEO Expects Oil Volatility With Long-Term Price Around $60
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Sasol Ltd. expects a “volatile environment” for crude oil as geopolitics help sway the market.
“It’s going to move back and forth depending on what’s happening in the world -- political tensions, supply disruptions,” said Steve Cornell, co-chief executive officer of the South African energy and chemicals company. Market drivers include the much-anticipated U.S. decision on the global nuclear deal with Iran, he said.