Vitol CEO Russell Hardy: 'The oil market has lost up to 1bn barrels' | FT #shorts
Financial Times·2026-04-21 23:40
We think you know just just in in very round numbers uh if you call it 12 million barrels a day have lost hydrocarbons you know the the billion barrels is baked now because uh we probably lost 6 or 700 at this stage but by the time things get moving again uh if they get moving anytime soon uh just the the restart of of production the restart of refineries there's a there's an awful lot of infrastructure that's been shut down. You know, uh, an Iraqi oil field, Rumala's got 5,000 wells. So, you know, it takes ...