The prices of oil will still cry, and these arguments given by the world's oil traders
Crude oil prices can go up to $ 100 a barrel in the international market till 2019.
New Delhi: Crude oil prices can go up to $ 100 a barrel in the international market by 2019. The sanctions imposed on Iran by the US are affecting oil prices. These things commodity traders somewhere in the Asia Pacific Petroleum Conference held in Singapore on Monday.
Prices are rising due to sanctions on Iran
According to a report by Reuters, during the conference, Daniel Jagi, chairman of Commodity Merchant Mercury Energy Trading, said that the supply of crude oil from the market has reduced by almost 2 million barrels per day due to sanctions imposed on Iran. This situation has been for the last four months. He said that there is no big deal that the price of crude oil has crossed $ 100 a barrel till the beginning of the year 2019.
Prices will rise up to $ 90 per barrel by Christmas
On the occasion, Ben Lucau, co-head of the oil traders' Traffigora said that it is likely that crude oil prices reach above $ 90 by Christmas. At the beginning of the new year, crude oil prices will reach $ 100. At present, crude oil prices are close to $ 80 a barrel. These are the highest prices since 2014.
Oil prices are rising in the country
There is a steady increase in oil prices in the country. The prices of petrol and diesel were recorded on Monday again. On Monday, the prices of petrol in Mumbai crossed the Rs 90 mark. After the hike of 11 paisa, the price of petrol reached Rs 90.08 per liter on Monday. In Delhi, on Monday, 11 paise hike in petrol prices was recorded. With this, the price of petrol in the capital is Rs 82.72 per liter. But in Patna it was Rs 91.96 per liter. Here diesel is sold at Rs 79.68 per liter. According to the website of Indian Oil Corporation, it is priced at Rs 83.37 per liter in Bangalore, Rs 81.14 per liter in Lucknow, Rs 84.54 per liter in Kolkata, Rs 87.07 per liter in Hyderabad, Rs 85.17 per liter in Guwahati and Rs 85.99 per liter in Chennai. Petrol is being sold at the rate. There was also an increase in diesel prices. Delhi is a metro where petrol is the cheapest in the country due to the low tax rates. Mumbai's tax rates are the highest.
New Delhi: Crude oil prices can go up to $ 100 a barrel in the international market by 2019. The sanctions imposed on Iran by the US are affecting oil prices. These things commodity traders somewhere in the Asia Pacific Petroleum Conference held in Singapore on Monday.
Prices are rising due to sanctions on Iran
According to a report by Reuters, during the conference, Daniel Jagi, chairman of Commodity Merchant Mercury Energy Trading, said that the supply of crude oil from the market has reduced by almost 2 million barrels per day due to sanctions imposed on Iran. This situation has been for the last four months. He said that there is no big deal that the price of crude oil has crossed $ 100 a barrel till the beginning of the year 2019.
Prices will rise up to $ 90 per barrel by Christmas
On the occasion, Ben Lucau, co-head of the oil traders' Traffigora said that it is likely that crude oil prices reach above $ 90 by Christmas. At the beginning of the new year, crude oil prices will reach $ 100. At present, crude oil prices are close to $ 80 a barrel. These are the highest prices since 2014.
Oil prices are rising in the country
There is a steady increase in oil prices in the country. The prices of petrol and diesel were recorded on Monday again. On Monday, the prices of petrol in Mumbai crossed the Rs 90 mark. After the hike of 11 paisa, the price of petrol reached Rs 90.08 per liter on Monday. In Delhi, on Monday, 11 paise hike in petrol prices was recorded. With this, the price of petrol in the capital is Rs 82.72 per liter. But in Patna it was Rs 91.96 per liter. Here diesel is sold at Rs 79.68 per liter. According to the website of Indian Oil Corporation, it is priced at Rs 83.37 per liter in Bangalore, Rs 81.14 per liter in Lucknow, Rs 84.54 per liter in Kolkata, Rs 87.07 per liter in Hyderabad, Rs 85.17 per liter in Guwahati and Rs 85.99 per liter in Chennai. Petrol is being sold at the rate. There was also an increase in diesel prices. Delhi is a metro where petrol is the cheapest in the country due to the low tax rates. Mumbai's tax rates are the highest.
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