The 1st energy studies Think-Tank in Romania- Hotspot for elite expertise in Energy, International Affairs, Foreign Policy, Security, Economics & Area Studies -
The 1st energy studies Think-Tank in Romania- Hotspot for elite expertise in Energy, International Affairs, Foreign Policy, Security, Economics & Area Studies -
Eugenia Gusilov commented on Digi24 on Monday, March 9, the day when the crude oil price approached 120 usd/barrel in the futures market. A level similar to that reached by crude oil in 2022 when Russia attacked Ukraine and a major event in the market as it is the first time in history that we have the Strait of Hormuz blocked for a week.
Later, on the same day, the price dropped and trades around USD 90/barrel. At the local level, the solution proposed to moderate fuel prices is to lower the excise duty and/or the VAT.