Kathmandu. There is a new warning regarding crude oil. That will frighten you. <\/p>\n
Some major companies have warned that the price of crude oil could reach $ 160 per barrel in the coming days. Due to this, the rapidly depleting oil reserves in the US are seen as a factor. <\/p>\n
In fact, U.S. crude oil and petroleum products have fallen to a 22-year low. This has prompted some of the world’s largest oil companies to predict a rise in crude oil prices. <\/p>\n
Meanwhile, the price of Brent crude oil is already at a high level. Neil Chapman, senior vice president of ExxonMobil, said global stockpiles were moving toward significantly lower levels. He said that if the supply does not increase in the coming days, the price of Brent crude oil could reach $ 150 to $ 160 per barrel. In the midst of supply shortages, the market cannot rely on inventory indefinitely. \u2019<\/p>\n
Many other executives also believe emergency stocks and commercial stocks have protected them from sudden shocks. But now the stock is depleting rapidly. <\/p>\n
Chevron Chairman and CEO Mike Wirth also believes that if tensions continue, oil prices could rise significantly. According to analysts, the risk is not just about crude oil supply; Refined products such as petrol, diesel and ATF (aviation fuel) may also face difficulties. Crude oil production can be rapidly increased under certain conditions, but refined fuel inventories depend on refinery capacity. <\/p>\n
The price of crude oil remains high. Before the war began, the price of crude oil was around $70 a barrel. But now the record has reached a high. At one point, the price of crude oil reached $ 120 per barrel. However, the price of oil later remained above $100. The price of Brent crude oil is still around $ 95 per barrel. <\/p>\n
After the increase in the price of crude oil, oil companies have repeatedly increased the price of petrol and diesel. The price of ATF has also been increased. This is expected to increase the cost of logistics. The price of gas has also been increased.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. There is a new warning regarding crude oil. That will frighten you. Some major companies have warned that the price of crude oil could reach $ 160 per barrel in the coming days. Due to this, the rapidly depleting oil reserves in the US are seen as a factor. In fact, U.S. crude oil […]<\/p>\n","protected":false},"author":16,"featured_media":258790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-302346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=302346"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302346\/revisions"}],"predecessor-version":[{"id":302347,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302346\/revisions\/302347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/258790"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=302346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=302346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=302346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}