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August 25, 2022
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Oil falls due to possible negotiations with Iran

Oil falls due to possible negotiations with Iran

The oil prices fell on Thursday in a volatile session, after official comments on a possible return of Iranian oil to the market in the framework of a possible agreement with Tehran on its nuclear program. Thus the barrel of Brent from the North Sea for delivery in October lost 1.85% to 99.34 dollars in London.

(Read: Scolding from the Minister of Agriculture to peasants who invade land).

West Texas Intermediate (WTI) barrel for equal month yielded as much 2.49% to 92.52 dollars in New York. White House spokeswoman Karine Jean-Pierre said “Washington could be prone to a deal (with Iran) if it’s in the best interest of the United States,” said John Kilduff of Again Capital.

Thes sanctions on Iran prevent its oil from reaching the market normally. Meanwhile, the price of natural gas continued its climb this Thursday, and was placed close to its absolute record, in a context of growing concerns about the supply of this fuel as winter approaches in the northern hemisphere.

(Also: Colombia, far from the leadership in renewable energies, according to the OECD)
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The gas reached 324 euros per megawatt hour during the day (MWh) on Thursday for the Dutch TTF, although it later lost ground to 311 euros per MWh. His historical record is 345 euros per MWh, and dates from March, when the Russian invasion of Ukraine began. In a year, its price multiplied almost sevenfold.

AFP

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