Petroleum derivatives prices changes expected in March, says expert
Energy expert Hashem Aqel expected that the prices of some petroleum derivatives would be raised and others would be reduced locally, in March’s pricing.
In a statements to Ammon, Aqel expected that the price of 90-octane gasoline and 95-octane gasoline would be raised by 5 fils per liter, and the price of diesel would be reduced by 10 fils per liter.
Aqel explained that these are the expected prices until Monday, and a geopolitical impact may occur that leads to a change in prices, but there are no indications of that, which confirms the accuracy of the expectations.
He also revealed factors that may later affect oil prices and lead to a sharp decline in them, which may reach less than $ 50 per barrel. The most important of these indicators are:
- Ukrainian-Russian war end is near and sanctions on Russian oil are lifted.
- The severity of geopolitical risks has declined.
- Chinese demand has declined sharply.
- OPEC's return to higher production levels with the abolition of the quota system and voluntary reduction.
- Lifting US restrictions on exploration and increasing US oil production.
- The entry of new producers into the oil markets.
- The major shift to renewable energy and electric cars.
Energy expert Hashem Aqel expected that the prices of some petroleum derivatives would be raised and others would be reduced locally, in March’s pricing.
In a statements to Ammon, Aqel expected that the price of 90-octane gasoline and 95-octane gasoline would be raised by 5 fils per liter, and the price of diesel would be reduced by 10 fils per liter.
Aqel explained that these are the expected prices until Monday, and a geopolitical impact may occur that leads to a change in prices, but there are no indications of that, which confirms the accuracy of the expectations.
He also revealed factors that may later affect oil prices and lead to a sharp decline in them, which may reach less than $ 50 per barrel. The most important of these indicators are:
- Ukrainian-Russian war end is near and sanctions on Russian oil are lifted.
- The severity of geopolitical risks has declined.
- Chinese demand has declined sharply.
- OPEC's return to higher production levels with the abolition of the quota system and voluntary reduction.
- Lifting US restrictions on exploration and increasing US oil production.
- The entry of new producers into the oil markets.
- The major shift to renewable energy and electric cars.
Energy expert Hashem Aqel expected that the prices of some petroleum derivatives would be raised and others would be reduced locally, in March’s pricing.
In a statements to Ammon, Aqel expected that the price of 90-octane gasoline and 95-octane gasoline would be raised by 5 fils per liter, and the price of diesel would be reduced by 10 fils per liter.
Aqel explained that these are the expected prices until Monday, and a geopolitical impact may occur that leads to a change in prices, but there are no indications of that, which confirms the accuracy of the expectations.
He also revealed factors that may later affect oil prices and lead to a sharp decline in them, which may reach less than $ 50 per barrel. The most important of these indicators are:
- Ukrainian-Russian war end is near and sanctions on Russian oil are lifted.
- The severity of geopolitical risks has declined.
- Chinese demand has declined sharply.
- OPEC's return to higher production levels with the abolition of the quota system and voluntary reduction.
- Lifting US restrictions on exploration and increasing US oil production.
- The entry of new producers into the oil markets.
- The major shift to renewable energy and electric cars.
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Petroleum derivatives prices changes expected in March, says expert
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