Indonesia fuel price hike depending Iran

Energy observer, Kurtubi,assessing the movement of world crude oil prices until mid 2012, will likely continue to strengthen. The increase could occur if the tensions in Iran heats up.If it keeps on going reinforcement, the average price of Indonesian crude oil prices (ICP) can exceed 15 percent of that at stake in the Act, Revised Budget of U.S. $ 105 per barrel. That is, the government was able to raise the price of fuel oil (BBM) subsidy.
"It all will depend on geopolitics in the Middle East," he said in a conversation with VIVAnews.com Kurtubi,Sunday,April 1,2012.

As is known, during the first quarter, Brent oil had risen U.S. $ 15.50 or 14.4 percent. Especially for March alone, Brent was up 22 cents, or 0.18 percent. However, during the past week, Brent crude fell U.S. $ 2.25, or 1.80 percent.

At the close of trading commodities last weekend, Brent closed up 49 cents, or 0.40 percent to U.S. $ 122.88 per barrel.According to Kurtubi, measures a number of countries to put the brakes on rising crude oil prices may be difficult to succeed along the Iran crisis is not finished.

As is known, the United States, France, and Britain plans to spend their crude oil reserves. Similarly, Saudi Arabia, which will guarantee the supply of crude oil.
"If the attack is made to Iran, these steps would not be able to stem the panic emerging markets," said Kurtubi.

He suggested that crude oil prices tended to move really stable if only to see fundamental factors alone.
When touched on alternative energy supply could dampen world oil prices rise, renewable energy Kurtubi pessimistic that it could help solve the problem. Moreover, the development of alternative energy is still far from expectations.

Related Posts:

Tweet