6 hours agoKosovo oil Chief Shows Way How Kosovo Oil Prize Could Fall Down
Periskopi(3 months ago)
(3 months ago)The decline in prices in international markets could be short-term, a stable US-Iran Fadil Berjan, chairman of the Kosovo Oil Association, said the decline in oil prices in international markets “could be a short-term response”. He wrote on Facebook that reopening the Strait of Hormuz which connects the Gulf [...]
Fadil Berjan, chairman of the Kosovo Oil Association, said the drop in oil prices on international markets “could be a short-term response”.
He wrote on Facebook that the reopening of the Hormuz Strait that connects the Persian Gulf to Oman Bay brought “little silence to oil markets”.
The last truce between the US and Iran, and the reopening of Hormuz Strait, have brought some calm to oil markets. Fears of supply disruptions have decreased and this was reflected immediately in prices, with indexes like U SOIL and Brent who saw a stabilisation in the last few hours. However, this may be a short-term response”, Berryan wrote in a Facebook post.
If the situation remains calm, he said “prices could continue to drop gradually”.
A stable and long-term agreement alone would bring real stabilisation to oil markets, even in Kosovo”, he wrote.
