Oil Will Still Flow: Insights from Gunvor Boss Torbjorn Tornqvist Amid Middle East Tensions
Tuesday, 1 October 2024, 07:43
Oil Will Continue to Flow Amid Challenges
In the face of heightened geopolitical tensions in the Middle East, Torbjorn Tornqvist, founder of the trading giant Gunvor, expresses a strong belief that oil will still flow. While the situation grows increasingly complex, Tornqvist suggests that the market's primary concern lies in lack of growth in demand rather than supply issues.
Key Insights from Tornqvist
- Torbjorn Tornqvist emphasizes resilience in supply amidst Middle East uncertainties.
- The market is more worried about demand growth than oil supply challenges.
- Gunvor's leaders remain confident in the oil industry’s capacity to adapt.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.