Availability oil under pressure
The diesel prize has risen considerably in recent days due to the conflict in the Middle East. People now pay more than € 1.88 for a liter to the pump. The petrol price has also risen slightly.
According to Paul van Selms of UnitedConsumers, that can have to do with certain oil that is less available. “You can get more diesel from some oil, and it may be that this is now less available because of the conflicts worldwide. So that can lead to diesel.
The oil price went down on Friday after the decision of US President Donald Trump to postpone a decision about an American attack on Iran for two weeks. The oil price rose considerably on Thursday. This was due to concerns about the direct involvement of the United States in the Israeli attacks on Iranian nuclear facilities and disruptions on the global oil market due to the conflict.
The price of a barrel of brent oil, the benchmark for oil from the Middle East, fell by more than 2 percent on Friday morning and dropped below $ 77. On Thursday the oil price went up almost 3 percent. Since the outbreak of the conflict between Israel and Iran a week ago, oil has become around 10 percent more expensive.
Oil Availability Under Pressure
The Diesel Price Has risen Sharply in recently Days Due to the Conflict in the Middle East. At the Pump, People Are Now Paying More Than € 1.88 per liter. The Petrol Price Has also risen Slightly.
Accordance to Paul van Selms of UnitedConsumers, This May be due to certain Oil Being Less available. “You can extract more diesel from Some Oil, and it may be now less available due to the conflicts worldwide. So that could lead to hoarding of diesel.”
The Oil Price Fell on Friday after the Decision by Us President Donald Trump to Postpone a Decision on a us Attack on Iran for Two Weeks. The Oil Price Rose Sharply on Thursday. This was due to concerns about Direct Involvement of the United States in the Israeli Attacks on Iranian Nuclear Facilities and Disruptions to the Global Oil Market Due to the Conflict.
The Price of a Barrel of Brent Oil, The Benchmark for Oil From the Middle East, Fell by More than 2 percent on Friday Morning and Fell Below $ 77. On Thursday, the Oil Price Rose by Almost 3 percent. Since the outbreak of the conflict between Israel and Iran A Week Ago, Oil Has Become about 10 percent more Expective.