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52 new news items in the last 24 hours
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8 April 20:54

The Minister of Energy states that the decrease in fuel prices will last at least 50 days, even if the Strait of Hormuz reopens.

Emese Grancsa
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Bogdan Ivan stated that it would take at least 45-50 days until fuel prices would significantly decrease even if the Strait of Hormuz were to reopen and oil tanker traffic returned to normal. He explained that oil production has decreased by 25% due to the blockade of the strait and the bombing of extraction facilities, while demand has increased due to consumer panic as they stock up.

Ivan emphasized that the price of a barrel of oil on the international market has reached double that of the period before the Middle East war, affecting not only fuel prices but also those of petroleum products, plastics, and fertilizers. He also mentioned that Romania has found new supply routes, including from French Guiana. The minister estimates that it will take a few weeks until lower prices reach the pump, after the conflict in the Persian Gulf has ceased.

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Bogdan Ivan: E nevoie de 45-50 de zile de la reluarea traficului de petrol în condiţii normale până când vom reveni la stadiul dinainte de război
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Ivan: Scăderea prețurilor se va simți la pompă cu o întârziere de câteva săptămâni

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NEWS ON THE SAME TOPICS

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Oil exports through the Strait of Hormuz could remain below pre-US-Israel-Iran war levels, even after a possible peace agreement.
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The Strait of Hormuz will reopen within a month, and the American Navy will leave the region according to an unofficial agreement.
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SYNTHESIS Informat.ro / The agreement regarding the Strait of Hormuz is shaking, after the USA and Iran have attacked each other.
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Russia's diesel production has decreased by 20% in the last two months due to Ukrainian attacks on refineries.
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fuels Strait of Hormuz energy minister bogdan ivan

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