‘Enormous amount’ of stranded Russian oil tightens ‘real’ crude market: Vitol CEO

Upstream Online · last updated February 13, 2026 – 5:47 AM

‘Enormous amount’ of stranded Russian oil tightens ‘real’ crude market: Vitol CEO

Traditional buyers of Russian and Iranian crudes now seeking more Western or Saudi Arabian crudes, says Vitol chief executive Russell Hardy

Vitol chief executive Russell Hardy speaks at the Energy Asia conference in June 2025 in Kuala Lumpur, Malaysia.

Photo: REUTERS/SCANPIX

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