Romania consumes more diesel than it can produce, energy minister says
The need for diesel is putting the greatest pressure on the Romanian and European fuel market, according to energy minister Bogdan Ivan. The accelerated increase in oil and fuel prices is driven by the imbalance between supply and demand,…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The need for diesel is putting the greatest pressure on the Romanian and European fuel market, according to energy minister Bogdan Ivan. The accelerated increase in oil and fuel prices is driven by the imbalance between supply and demand, as states have increased their reserves, while production is affected by the conflict in Iran.
The price of Brent oil, a benchmark for global oil prices, has risen from about USD 70 per barrel before the start of the war in Iran to over USD 110 per barrel. After US president Donald Trump announced a two-week truce with Iran, the price dropped to roughly USD 93 on Wednesday, April 8.
