Gunvor Boss Is Confident Mideast Conflict Won’t Hurt Oil Supply
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Gunvor Group’s chairman and co-founder said he’s confident the escalating conflict in the Middle East won’t hit crude supply from the region.
“I’m very confident that this will not have any impact at all on oil supply,” Torbjörn Törnqvist said at a conference in Fujairah in the United Arab Emirates. It “seems the market is more focused on concerns about the lack of growth in oil demand.”