Despite the war scale in the Middle East, there are reasons for optimism over the coming weeks. On Saturday there is an important meeting.
In a week, the warning to the Portuguese who was expected: prepare for the next time. One that involves Iran, which is the 7th country that produces the most oil, changes prices.
The following week, the confirmation: gasoline and diesel became more expensive. It was really diesel since 2022.
Two weeks later, the Descent: A liter of gasoline was almost 3 cents cheaper, a liter of diesel descended even more, almost 4 cents.
It was a stir that probably surprised a lot of people. But at this time you can “Breathe a little relief” in relation to this subject.
Economics expert Pedro Sousa Carvalho sees signs that point to a maintenance, or even for New Descents fuel prices.
“It is likely that prices can even go down a little more Over the next few weeks, ”he continued.
But how?
First, because refined fuel prices are not yet fully reflecting It is exceeding 10% the price of the barrel of Brent last week; It was really the largest weekly drop in more than two years.
Second, because the guerra between Israel and Iran really seems to be outdated. At least for now. Geopolitical risk (part of the Middle East oil would not be exported) decreases.
And there is still one more reason for Pedro Sousa Carvalho’s “optimism”: next Saturday there is a meeting of OPEC – organization of oil exporting countries – and “everything points” for the organization to announce one Increased oil production from August. There will be more than 400,000 barrels a day on the market, which will relieve the price of fuels.
