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Oil Inventories in Western Nations Exhausted, Vitol CEO Warns of Tight Market

Bloomberg Markets·October 6, 2026·1 min read

The CEO of Vitol, the world's largest independent oil trader, warned that oil inventories in western countries are exhausted due to the Iran war, leaving fuel markets tight into winter. The warning signals potential price pressures and supply concerns for consumers and businesses.

Read at Bloomberg Markets
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