Why Oil Is Measured in Barrels -How Many Liters Is It - iefimerida.gr
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5 Articles
Despite a brief price escalation last month, diesel fuel is on the rise again with the average price across Greece for yesterday Sunday, September 6th standing at 2.046 euros per litre. Unstoppable is the rally in fuel prices, as the closure of the Strait of Hormuz a few months ago and the ensuing problems have sent oil prices skyrocketing, with prices for a barrel reaching as high as $126.69. Read more at carandmotor.gr Read more at iefimerida.
Despite a brief price decline last month, diesel is once again on an upward trajectory, with the average price across Greece for yesterday, Sunday, September 6, standing at 2.046 euros per liter. The rally in fuel prices seems to be unstoppable, as the closure of the Strait of Hormuz a few months ago and the subsequent problems caused have sent oil prices soaring, with prices for a barrel reaching as high as $126.69. However, even though algorit…
The escalating military tensions between the US and Iran, which affected oil shipments through the Strait of Hormuz, triggered sharp increases in global energy markets.
Oil prices rose further on Monday after the conflict between the United States and Iran affected oil tankers sailing through the Strait of Hormuz. The market is increasingly worried that the prolonged conflict in the Middle East could permanently reduce oil exports, which could lead to another fuel price increase in Hungary. Current expectations are that prices at the wells will increase further this week, or in a more favorable case, stagnation.
The Iranian conflict is escalating, and the forecast does not bode well for Hungarian motorists.
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