The price of oil in Albania remains high, while in the world marks the lowest historical level

 
The price of oil in Albania remains high, while in the world marks the lowest historical level
 Oil extraction site in Ballsh (archive) 
The price of oil in international markets continues to remain at its lowest historical levels, at $ 26 per barrel.


According to international financial markets, a barrel was traded at $ 25.9 today, about 0.5% more than the day before, but for two months the price of this substance has not been up more than $ 30 a barrel. reflecting the significant decrease in demand for this substance due to blocking measures taken by the Covid-19 pandemic.

The average price of 1 liter of oil globally traded in the retail market has reached $ 0.91, while in many countries around the world, the price of this substance at gas stations has been halved.

In Venezuela, a liter costs $ 0, which means that in the face of declining stock prices, citizens get it for free, while in many countries in the region 1 liter of fuel costs from 90 cents to $ 1.1.

In Albania, the price of oil continues to remain unchanged, for more than 3 weeks in a row, at an average of 158 Lekë/liter (about $ 1.38), although at the end of April the prices of this good for the May and June quotas went to negative values, up to minus $ 37 per barrel.

This approach of the markets to low oil prices predicts for experts that the substance will continue to remain low until the end of June, is expected the liberalization of measures against pandemics.

The price of oil in Albania remains high, while in the world marks the lowest historical level
Oil map in Albania (archive)
The Albanian Association of Hydrocarbons stated that the price of 1 liter of oil in Albania can withstand a decrease to the level of 130 Lekë per liter, but this has not happened yet, while our country ranks third for the highest price of this substance in the retail market, although Albania has abundant natural oil resources.
The price of oil in Albania remains high, while in the world marks the lowest historical level The price of oil in Albania remains high, while in the world marks the lowest historical level Thursday, May 14, 2020 Rating: 5
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