Economics
World's Largest Energy Trader Sees a Decade of Low Oil Prices
- Vitol CEO says crude to stay between $40 and $60 for 10 years
- China's slowdown and U.S. shale trigger `fundamental shift'
This article is for subscribers only.
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.