Vitol: OPEC will up output if Libya disrupts market

And who is Vitol you ask? Links below.
From Reuters Africa:

* See prices returning to $90-$100/bbl if OPEC acts
* Comment comes as OPEC meets consumers in Riyadh

(Adds quotes)

By Christopher Johnson
LONDON, Feb 22 (Reuters) - OPEC will produce more crude should Libyan oil supply be disrupted to allow prices to return to the $90-$100 per barrel range, the head of top world oil trading house Vitol said on Tuesday.

"We all think they (OPEC) will move quickly if there is a significant disruption in Libya," Vitol's Ian Taylor said at an event during the International Petroleum Week.

"If OPEC puts more barrels into the market, as we expect to happen at some time in the first half of the year, prices should stabilise below current levels and move back to a price range around 90 to 100 (dollars)," he said....MORE

Back in 2008 we posted "Vitol ‘not in the business of speculation’".
See also:

Saracen Attempts the Reverse Amaranth and...Yes!... Sticks the Faceplant Landing! 
Oil-For-Food Lives! Prosecutions: "Please Sir, I Want Some More" & Maurice Strong Checks In

And the latest, from the Wall Street Journal:

Vitol 2010 Revenue +36% To $195 Bln On Higher Volumes, Prices

They do move some oil around.