තෙල් මිල වැඩිවෙයි ?

Int'l oil prices surge significantly, hitting yearly record high

International oil prices surged significantly recently, with the weekly gain reaching a yearly record high.

The week before, the West Texas Intermediate (WTI) for November delivery rose by over 9 percent, marking the largest weekly gain since March 2023. And Brent crude for December delivery increased more than 8 percent, marking the largest weekly gain since January 2023.

Oil giant Saudi Aramco increased its main oil price for Asian buyers in response to heightened market volatility.

The company raised the official selling price of Arabian light crude oil to Asian customers by 0.90 U.S. dollars, surpassing the previous market expectation of 0.65 U.S. dollars. This adjustment means the price per barrel is now 2.2 U.S. dollars above the regional benchmark level.

Regarding future oil price trends, the market is currently concerned about the potential destruction of Iran's oil facilities. Some analysts worry that Israel may retaliate by attacking Iran's export facilities or refineries.

The future trend of oil prices is closely tied to the situation in Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), as its daily crude oil output is approximately 3.2 million barrels, accounting for 3 percent of global production. This year, Iran's oil exports have risen to their highest level in recent years, reaching about 1.7 million barrels per day.

• Tags:
• feature