Three of the world’s biggest oil traders were at odds about where the oil price would be this time next year, with Vitol taking a bearish view while Gunvor and Trafigura stayed bullish. Benchmark Brent crude surged above to $81 a barrel on Monday, hitting a three-year high and up more than 50% so far in 2021. read more Vitol Chief Executive Russell Hardy told the Energy Intelligence Forum he expected the price to ease to about $75 a barrel by this time next year, citing inflation concerns. Gunvor CEO Torbjorn Tornqvist told the conference: “I believe we’ll have Iran as a supply sometime in the next year so I would have to say oil will be around $85.” Trafigura gave the highest forecast of $90 a […]