The price of American oil again exceeded $100 a barrel on Sunday to Monday night, in the first transactions after opening markets. The rise followed the announcement of the US armed forces to block Iranian ports, due to the absence of an agreement to end the war in the Middle East. West Texas Intermediate (WTI) for delivery in May rose 7%, while Brent North Sea for delivery in June reached 101.80 dollars with an increase of 6.8%.
The natural oil market is in chaos with prices being launched, while traders and refineries desperately seek readily available reserves. In the North Sea, from 40 bids for cargo this week, just four were covered. Dated Brent reached a record of $144 a barrel, surpassing the 2008 levels. Supplies from Nigeria were formed up to $25 over the reference point. Analysts warn of a lack of slow in the coming weeks due to disruption of supplies from the Middle East, with European refineries expected to reduce production, exacerbating the lack of diesel and aircraft fuel.
Fuel prices remain above 2 euros per litre during the Easter excursion. The average nationwide price for unleaded is set at 2,075 euros and for diesel fuel at 2,071 euros per litre. According to the President of the Federation of Gasinosellers of Greece, Michalis Kyussis, de-escalation is expected on Tuesday Easter. At the same time, applications for Fuel Pass 2026 continue, with payments made within 48 hours. The submission deadline runs until 30 April 2026.
"Butia" over 15% noted oil prices, Wednesday, after the US-Iran truce, which will last two weeks, in exchange for securing Tehran's safe passage through the Strait of Hormuz. In particular, Brent yields 13.4% at $94.63 per barrel and the American [...]
