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Rising fuel prices causing demand destruction, says Vitol exec

RIYADH: The global surge in fuel price is starting to have negative effects on demand, according to a senior executive of the world’s biggest oil dealer. Mike Muller, who is the head of Asia at Vitol Group, recently told a Dubai-based media Gulf Intelligence that consumers are being badly affected by the price hikes of gasoline, diesel and other oil products. “There’s very ....

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Surging fuel costs are causing demand destruction, says Vitol

The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. ....

Mike Muller , Asia At Vitol Group ,