Trafigura heralds the end of 'lower for longer' oil price era
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Singapore
THE age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group.
The global market could face a shortage by 2019, Ben Luckock, co-head of group market risk at the third-largest independent oil trader, said at the S&P Global Platts Appec conference on Tuesday.
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