Two factors that will increase oil prices this year

According to a reporter of Fars News Agency’s International Economics Group, quoted by starThe existence of geopolitical risks along with the improvement of the economic situation of the countries and the challenges in the supply of oil to the world market will probably cause us to see an increase in oil prices in 2022. This could be a new problem for countries that are already experiencing high inflation.

“We expect to see rising oil prices on the world market in 2022,” said Sean Saeed, an expert at the Jobai IQI.

“Another reason for the rise in oil prices is the devaluation of the dollar in the global market and the increase in demand for this energy carrier in the market,” he said.

“Tensions in Ukraine between the United States and Russia remain high, and talks between the two countries have failed to produce a positive result,” Sean said.

Ukraine is vital for oil and gas exports to Europe; Because Europeans get 45 to 50 percent of their gas from Russia. If the transfer of energy from Ukraine to Europe is disrupted, it will affect oil prices in Europe.

He believes; On the other hand, a nuclear deal with Iran, the formation of a war over the oil market with rising US production could prevent rising oil prices on the world market.

“Oil prices will be between $ 77 and $ 107 a barrel this year, and if something special happens, we may see a repeat of the 2008 oil price hike of $ 147 a barrel,” Sean said.

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