[국제유가] Oil prices rise on the 15th in anticipation of improving global oil supply and demand

[투데이에너지 조대인 기자] On the 15th, international oil prices rose on expectations for global supply and demand improvement, a cold wave in the US, and a possible strike in Norway.

Korea National Oil Corporation (President Yang Soo-young) said that WTI, a crude oil produced in western Texas, had no transaction information due to Presidents’ Day holidays in the US, while Brent oil produced in the North Sea closed at $63.30, up $0.87 per barrel compared to the previous day.

In addition, Dubai oil from the Middle East, which is highly dependent on domestic crude oil imports, ended at $62.48, up $1.94 per barrel compared to the previous day.

Russia’s Vice Prime Minister Alexander Novak said the global oil market is recovering and that the average oil price this year will be between $45 and $60 a barrel.

Deputy Prime Minister Novak said that price volatility in recent months has been easing in recent months, which is a sign of a recovery in supply-demand balance.

Meanwhile, the Nord Stream 2 gas pipeline from Russia to Germany
Regarding the project, Deputy Prime Minister Novak said that the construction will be completed despite attempts to interfere with the United States and that the current process rate is 95%.

A cold wave warning has been issued in 25 states in the United States, and some production and supply disruptions have occurred.

According to the U.S. Meteorological Administration, 150 million people in the U.S. live in areas where the cold wave warning was issued, and heating oil and electricity consumption have skyrocketed due to cold weather.

Some production facilities such as Permian have been shut down due to a power outage caused by a surge in power demand, and it is known that there is a disruption in the operation of oil pipelines.

Some workers at the Norwegian Mongstad export terminal could go on strike this week over wage negotiations, the union said.

Mongstad Terminal is Norway’s largest export terminal, and if a strike becomes a reality, it is possible that one-third of Norway’s crude oil production and two-fifth of gas production could be affected.

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