Top Oil Trader Sees Supply Tightness Easing Amid Refinery Maintenance

The tight oil market could see some reprieve in the coming two months as refineries plan end-of-summer maintenance, according to Russell Hardy, the chief executive of the world’s biggest independent oil trading house, Vitol. Although supply would improve globally, the sour crude market will remain tight as the production cuts from the Middle Eastern OPEC+ members continue, Hardy said at the Asia Pacific Petroleum Conference (APPEC) by S&P Global Commodity Insights on Monday, as carried by Reuters. “Because of the OPEC+ cuts, there's…