8 hours agoWind crisis: Kosovo oil prices flew to 1.20 today expected blow from the derivative crisis
Periskopi(5 years ago)
(5 years ago)The rise in the price of derivatives at a global level is expected to affect the Balkan countries, including Kosovo. On a global level, the price of gas has increased by about 250%, while oil has increased by 80%. Kosovo Oil Association Chairman Fadil Berjan says Kosovo can also be affected by this crisis, as prices [...]
Kosovo Oil Association Chairman Fadil Berjan says Kosovo can also be affected by this crisis, as prices define international bellas. Currently, a litre of oil in the market amounts to 1.10 euros, while gas stands at 1.20 euros.
The price of the derivatives has not moved yet. In the future it can, because we also have supplies from Albania”, Behrani said.
In Albania, Prime Minister Edi Rama has already warned extraordinary energy situations as a result of the crisis going through Europe, where its security difficulties are significantly increasing prices.
Otherwise, the basic price of oil, Brent, could rise over $100 per barrel for the first time since 2014, in the event of another cold winter, the Bank of America points out in a make-up report.
Low natural gas offerings and staggering prices on the global market can exert greater pressure on crude oil. The Brant oil price rose 0.27% to $775.23 per barrel, while crude oil West Texas Intermediate rose 0.42% to $78.64 per barrel. /Economic Butletine/
