AMMAN — Energy expert Hashim Akel expected the
price of oil derivatives to rise locally due to a hike in prices globally
according to Al-Rai.
The price of Brent crude per barrel reached $87,
marking an increase of 11 percent, compared to the beginning of the year price.
Akel said he expected that the price of octane 90 and
95 fuel would likely increase by 20 fils and diesel by 25 fils. He attributed
the global rise in prices to increased demand and shortage of supply due the
inability of some OPEC countries to meet their quotas as a result of weak
investments and maintenance, as well as a decline in Libya’s production due to
security and political instability.
One of the factors that led to an increase in oil
demand, according to Akel, is Europe’s shift from gas consumption to oil as a
cheaper alternative.
Read more Business
(window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_509089081')
(window.globalAmlAds = window.globalAmlAds || []).push('admixer_async_552628228')
Read More
Gold Prices Drop Globally by More Than 1%
Housing Bank Holds its 52nd Annual General Assembly Approval of 2024 Financial Statements and 30% Cash Dividends Distribution JOD 150.3 Million Net Profits for 2024 and Major Achievements across Key P
Applied Science Private University Leads Jordanian Universities and Achieves a Major Asian Milestone in the 2025 Times Ranking
AMMAN — Energy expert Hashim Akel expected the
price of oil derivatives to rise locally due to a hike in prices globally
according to Al-Rai.
The price of Brent crude per barrel reached $87,
marking an increase of 11 percent, compared to the beginning of the year price.
Akel said he expected that the price of octane 90 and
95 fuel would likely increase by 20 fils and diesel by 25 fils. He attributed
the global rise in prices to increased demand and shortage of supply due the
inability of some
OPEC countries to meet their quotas as a result of weak
investments and maintenance, as well as a decline in Libya’s production due to
security and political instability.
One of the factors that led to an increase in oil
demand, according to Akel, is Europe’s shift from gas consumption to oil as a
cheaper alternative.
Read more Business
