This issue had been happening and experiencing in my country for years now , and yes this effect almost the transportation sector because they are the one who uses diesel in their units.
actually ever since I was a child Gasoline is always expensive but recently? it is diesel that dominates the price and gas is much cheaper now.
Hope that issues about wars and other things that affect the oil prices will end very soon as we are still in the effect of the Pandemic of 2019 and many are just started to recover now.
Topic: Deisel price hike in crude oil producing companies and exporting conundrums (Read 70 times)
February 27, 2024, 08:46:00 PM
February 27, 2024, 04:56:35 PM
Those countries where they sell their oil to, doesn't have anything to do because they're just buyers and can't do anything with it.
Thanks to OPEC for limiting the daily supply that they produce as this really controlled the price. And also the sanction that's been made to Russia where they are one of the source of oil have affected a lot globally.
While them in Russia, it's said that they're not too problematic about oil price hikes.
Thanks to OPEC for limiting the daily supply that they produce as this really controlled the price. And also the sanction that's been made to Russia where they are one of the source of oil have affected a lot globally.
While them in Russia, it's said that they're not too problematic about oil price hikes.
February 26, 2024, 07:20:17 PM
These topics affect the economies worldwide so I am concerned about bringing them up here
We have all seen that the price of diesel and other fractions of petrol or crude oil has increased significantly. The most annoying part is that countries well-known for the substantial amount of crude oil produce feel the squeeze. So, if it's hitting them, what about the countries they sell oil to? Could this cause some serious problems between countries in the future? like affecting the relationship between these countries or causing global conflicts on the horizon.
We have all seen that the price of diesel and other fractions of petrol or crude oil has increased significantly. The most annoying part is that countries well-known for the substantial amount of crude oil produce feel the squeeze. So, if it's hitting them, what about the countries they sell oil to? Could this cause some serious problems between countries in the future? like affecting the relationship between these countries or causing global conflicts on the horizon.
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