The heads of the world’s top oil trading houses are unanimous that Iranian sanctions will remove a large chunk of oil from the market, more than initially expected, but they have very diverging opinions on where oil prices are headed for the rest of the year and in 2019. At the Oil & Money conference in London this week, the top executives of Vitol, Trafigura, Gunvor, and Glencore predicted the price of oil next year at between $65 and $100 a barrel due to a combination of many other factors apart from the U.S. sanctions on Iran—highlighting the uncertainty in the oil market about where prices are heading. Vitol Group chairman Ian Taylor is the most bearish among the top oil traders, seeing Brent Crude at $65 a barrel next year, while Trafigura’s chief executive Jeremy Weir is the most bullish and says he wouldn’t be surprised to see […]