War Consequences
As you might know, this week started with the news about 7,000 Russian army withdrawals from the Ukrainian border and lowered crude oil prices of $92. However, in the past two days, more full-fledged news is announced for Russian attacks,and finally, it is at midnight on Thursday.
Because of Putin’s statement attack, the oil prices have exceeded $ 105 in the past eight years until the creation date of this article.
It’s needful to mention that concern about the spread of the crisis of Europe
and the global security created a situation where there is no clear evaluation of
the maximum crude oil price as it increases constantly.
Even by imposing new sanctions against Russia, the United States and the European Union
did not affect the decision of Russian attacks.
Such a crude oil condition has reached the highest level of oil prices in the last 8 years,
and it was not only afraid that the market’s role players are concerned,
but they were not only fearing manufacturers and buyers.
If electricity is related, do you want to continue or change later?
On the other hand, the topic triggered by the Customs in India was not yet sorted, but not as early as the early days;
the importers try different solutions to clear their rates.
The increase in dollars from March 1 to 25 is predicted in India.
Considering new levels of crude oil levels, we will wait for it to increase India’s Bitumen price.
Political Tensions
Nuclear negotiations between Iran and 5 + 1 show clear signs of progress between the parties,
and Reuter’s reports that the first agreement was reached by March 1, resulting in Iran’s home currency.
Will rise against the US dollar. As a matter of fact, rising prices in Iran’s bitumen as the main producer of bitumen in the Middle East.
Potential demand in India and other consuming countries is important, but everyone is waiting to see if the current prices are right for them.
Current rates may seem unsuccessful as some ports are still filled with old cargo and do not accept $ 105 of crude oil,
but in reality, new prices are based on new levels of crude oil prices. Generally speaking,
rising interest rates from the beginning of 2022 do not seem to have an equal impact on market demand levels.
This article was prepared by Shirin Yosefi, the Content specialist and market analyst of Infinity Galaxy.
