RE:Vitol CEO sees 70-80 $bbl oil in 2025:Yeah well others see $50 to $60 / bbl oil with "drill baby drill" because Trump also wants to reduce the oil price in order to bring down inflation. Anyway I've based my projections on $60 wti and $80 wcs by Q2, 2025. I wish thst when people talk oil price that they's specify which oil they're talking about. A few months ago heavy, sour oil was fetching $10 more per barrel than wti or Brent because the supply of sulphur needed to make many products, not the least of which is fertilizer was getting scarce. So if you need lots of diesel, kerosene, aviation and marine fuel, fertilizers then you'd want heavy sour and not light, sweet wti.
Blah, blah, blah people yap on these boards snd have no clue as to the type of oil bte produces from it's many operating areas.