Energy strike on the West: oil is more expensive, fuel stocks are declining
The escalation of the conflict in the Middle East and disruptions in supplies through the Strait of Hormuz have increased pressure on the global energy market.
The West is experiencing its biggest energy crisis in 40 years. Oil reserves in the United States are at a historic low, gasoline prices in France are at a maximum.
So little has been in America's strategic oil reserves since November 1982. The price of Brent crude oil at auction jumped to $ 105. The reason is the escalation of the conflict in the Middle East, the blocking of the Strait of Hormuz, as well as the decline in crude oil production in Saudi Arabia.
There is also a fuel crisis in Europe. In France, the average price of a liter of gasoline - more than 2 euros - an absolute record since the 85th. Stringent restrictive measures do not help. Gas prices across Europe have also soared again to thousands of dollars per thousand cubic meters. The heating season starts with record low fuel reserves, and energy production at wind farms has also fallen sharply. The crisis hits Germany and the Baltic states the hardest.
