Gunvor CEO: OPEC Managed to Put a Floor on Oil Market

The video discusses the oil market outlook for 2017, highlighting OPEC's intervention as a game changer. It explores the potential impact on oil prices, with expectations of prices ranging from $50 to $60. The refining sector is analyzed, noting its cyclical nature and current strong margins, though a slight weakening is anticipated. Overall, the market is expected to stabilize, with no return to the low margins seen five years ago.

How do you see the outlook for the refining sector in the next year?

What factors do you believe will influence refining margins in the near future?