As the Financial Times reported, The international benchmark for Brent crude prices exceeded $139 on Monday morning. barrel, which means an increase of nearly 20 percent. Above Friday quotes. “This is the highest level since the 2008 financial crisis.” – He writes for the Financial Times and explains that he is a reaction to Recent reports from the White House.
On Sunday, US Secretary of State Anthony Blinken said in an interview with CNN Washington is having a “very lively discussion” with its European partners about banning oil imports from Russia. He also stated that he had already discussed such a move with US President Joe Biden and his government.
See also: Safe havens gain ground after Russia attack. Gold for more than 2000 gap. per ounce
situation in the world fuel market Instantly translates into prices at Polish stations. – In the near future we have to get used to the high volatility of fuel prices, but unfortunately we are still going up. Today, crude oil is clearly rising, and the zloty is weakening against the dollar, which immediately translates into fuel prices in the domestic wholesale market. However, the fluctuations are so great that even on the same day, when we go to work, we can see very different rates at the stations than we will see when we come home in the evening. And these will not be small differences, but rather 20-40 grams or more – explains Ursula Chilac of BM Reflex in an interview with Business Insider.
He adds that these dynamics will accompany us very clearly in the near future. – There is no speculation or additional sellers’ margins here, but there is a situation arising directly from the prices of raw materials in the world market. So we must be prepared for the fact that fuel prices will rise and in the coming days may even break another barrier – PLN 8 / liter – Cieślak claims.
This is not the end of the increases
Jakub Bogoki, an analyst at e-petrol.pl, also talks about the inevitable increases in an interview with PAP. In his opinion, PLN 8 / liter of fuel can be seen at the stations in early March and April.
– The realistic possibility is that the price of Crude Oil will reach $150 in March. barrel. While diesel fuel prices have already exceeded 7 PLN, gasoline prices were still below this limit. In early March and April, it can cost up to PLN 8 – Bogoki thought.
In his opinion Such a situation will be supported by the possible imposition of sanctions by the United States in the form of abandoning the purchase of Russian oilAnd the threat of such a decision from European countries because it will cause another increase in oil prices in global markets.
The decline in Russian oil exports to Europe and the United States could reach 4.3 million barrels per day. According to Reuters, Russia ships between 4 and 5 million barrels of crude oil per day and 2 to 3 million barrels per day of petroleum products. Russian oil is about 8 percent. global show.
– Some financial institutions (such as JP Morgan Chase) today already estimate that the price of crude oil in 2022 may reach up to 180-200 dollars. Per barrel – Jacob Bogoki emphasized.
According to the e-petrol.pl analyst, Market hopes for a successful conclusion of US-Iranian negotiations over Iran’s nuclear program and the launch of Iranian oil exports may be in vain. short term. In his opinion, it will take several months for the raw materials to actually reach the world markets.
Jacob Bogoki points this out too The statements of the International Energy Agency (MEA) regarding the release of the oil reserves of their countries will only calm the situation temporarily. Middle East Airlines wants to release 61.7 million barrels of raw materials. – This is a one-time move, which may only briefly lead to a decrease in oil prices, after which it will be quickly consumed if this tense geopolitical situation continues – assures the analyst e-petrol.pl.
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