Sunday, February 5, 2023

Texas oil closed at $73.77 a barrel; Fuel remains “fried” in DR

price of oil intermediate of Texas (WTI) climbed a modest 0.1% this Friday to close at $73.77 a barrel, but ended with a weekly loss.

at close of business New Yorkforward contract of WTI Those for delivery in February added $0.10 compared to the previous day’s close.

However, the black gold price declined by $6.49 compared to last week’s closing price.

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Investors fear that this year economy The world is facing a recession because of the harsh measures that the World Bank is implementing to curb inflation.

Another major concern on the part of investors is the impact of the opening up of China, which is the main importer of crude oil.

As of January 8, COVID-19 in China will no longer be a Category A disease, the level of highest threat and requiring the most severe measures for prevention, to become a Category B, which involves greater laxity of control, thus marking practice the end of the policy ‘Zero Covid’‘, after the protest was broken up by the officers.

Meanwhile, energy demand is expected to double compared to last year upcoming trips leave of lunar New Year,

Although there has been an increase in cases COVID-19 can affect in Asian country Negative Crude oil consumption and creating bottlenecks in supply chains.

file: Manuel Crespo denounced the government’s plan to “suffocate JCE financially”.

On the other hand, forward contract for gas natural He lost $0.01 for February, up to $3.71, and of those petrol They fell $0.02 to $2.24 per gallon maturing the same month.

fuel in dr

The Ministry of Industries, Commerce and MSME (MICM) informed that the fuel prices for the week of January 7 to January 13, 2023 will be as follows:

  • Premium Gasoline RD will be sold for $293.60 per gallon
  • Regular Gasoline RD $274.50 per gallon
  • Regular Diesel RD $221.60 per gallon
  • Optimum Diesel RD$241.10 per gallon
  • Liquefied Petroleum Gas (LPG) RD $147.60 per gallon
  • Natural Gas RD$28.97 per m3

The weekly average exchange rate from the Central Bank’s daily publications is RD$56.30.

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Fuel
Current fuel price in Dr.
Nation World News Desk
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