Pierre Andurand, hedge fund manager, has been quoted as saying that the better-than-expected supply of crude oil has led to the price slump.
Oil trader Pierre Andurand predicts Saudi Arabia will maintain supply curbs until oil prices hit at least $110 per barrel.
According to Pierre Andurand, Europe has successfully reduced its reliance on Russian natural gas.
According to hedge fund manager Pierre Andurand, oil prices may exceed $140 a barrel this year.
Pierre Andurand has said that demand for oil globally could increase by up to 4% when the world fully emerges from Covid restrictions.
