ரஸ்ஸல் ஹார்டி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) Vitol Group, the world’s biggest independent oil trader, expects global crude demand to climb by an extra half a million barrels a day this winter as a gas-led energy crunch drives a rush for other fuels. Oil is most likely headed above $80 a barrel, partly as higher gas prices boost demand, Vitol Chief Executive Officer Russell Hardy said in an interview from London on Thursday. That could force OPEC+ producers to add more supply into the market, he said. “Can demand surprise us to the upside because of power switching? Yes,” Hardy said. “Is it likely that there’s half a million barrels a day of extra demand that comes through because of gas pricing? Probably our view is, that is likely across winter.” Hardy’s bullish view echoes that of Goldman Sachs Group Inc., which is predicting higher crude prices, especially if the winter months are colder than normal. Traders have been assessing the likely impact of a tightening natural gas market on the broader ener

Russell hardyBloomberg vitol groupBrakes on rising energy pricesGoldman sachs group incVitol chief executive officer russell hardyEurope wind output jumpsPutting brakesRising energyரஸ்ஸல் ஹார்டிகோல்ட்மேன் சாக்ஸ் குழு இன்க்உயரும் ஆற்றல்Business generalCommodity marketsOil and gas upstream activities