Oil Prices Rise Due To Geopolitical Unrest In Europe And The Middle East

(MENAFN- GetNews)

Oil prices surge due to geopolitical unrest in Europe and the Middle East, threatening supply chains. JSC Oil Prikamya offers reliable petroleum products like diesel and jet fuel, ensuring flexible, legitimate transactions.

Global oil markets are reeling as geopolitical tensions in Europe and the Middle East drive prices upward. Conflicts in the Levant and NATO-Russia frictions along Eastern European borders threaten critical energy corridors, amplifying oil's role as a geopolitical lightning rod.

OPEC+ responds cautiously, unwinding just 180,000 barrels per day of cuts in October. Saudi Arabia's output nears 9 million barrels daily, but spare capacity is tight. Iraq and the UAE grapple with domestic issues, constraining exports. Europe's pivot from Russian gas, driven by the EU's REPowerEU plan for 45 billion cubic meters of LNG by 2025, indirectly boosts crude demand as refiners adapt.

In Europe, Ukraine's war disrupts supply chains. Russian crude, discounted $15 below Brent due to sanctions, flows to India and China via shadow tankers. Ukrainian drone strikes on Russian refineries, like Ryazan, cut 500,000 barrels daily. Kremlin threats target Baltic infrastructure, while NATO's 90,000-troop exercises signal escalation risks. Germany's nuclear phase-out and France's diplomatic moves with Iran strain fuel supplies, with European refineries at 85% capacity.

Higher prices hit consumers and industries. Aviation fuel costs are up 12%, squeezing airlines, while German manufacturers face rising inputs. Hedge funds bet on sustained tightness, with net long positions at multi-year highs. U.S. shale and Norway's Johan Sverdrup field offer some relief, potentially adding 300,000 barrels daily by 2026.

Amid this volatility, reliable suppliers are critical. JSC Oil Prikamya, an official refinery mandate, delivers refined petroleum products directly from trusted sources. We offer D2 Diesel Gas Oil, Virgin D6 Diesel, Fuel Oil Mazut, EN590, Jet Fuel JP-54, Jet Fuel A1, LNG, and more under flexible FOB, CIF, or TTO contracts. Our processes ensure legitimacy and adapt to buyer-seller needs for seamless transactions.

JSC Oil Prikamya stands ready to meet your energy demands, navigating sanctions and disruptions with expertise. Contact us to secure your supply chain in these turbulent times.

Bystrov Semyon Alex


JSC "Oil Prikamya"


WhatsApp: +7 708 931 8081 


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As unrest fuels price spikes, strategic sourcing mitigates risks. While renewable's grow, oil remains king-for now.

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