Vitol Energy CEO Warns Oil Could Reach $200 a Barrel

Enna Lee

1 min read

Vitol Energy CEO Warns Oil Could Reach $200 a Barrel

Middle East shipments averaged about 12 million barrels of crude oil and 2 million barrels of refined products daily over the past seven to 10 days.

By Enna Lee

Published Oct 6, 2026, 6:48 AM EDT

A crude oil tanker waits beside a Middle Eastern export terminal / TokenPost.ai

Vitol Energy’s CEO warned that international oil prices could reach $200 a barrel if the Middle East cannot maintain exports of 10 million to 14 million barrels per day.

Over the past seven to 10 days, the region sent about 12 million barrels of crude oil and 2 million barrels of refined products to overseas markets each day.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.