The
price of Brent Crude Oil has been relatively stable during the last 12 months.
It has oscillated around US $105 and $108. During the last five days or so, it
has even decreased slightly. I take this as an indicator that there is more
serenity out there, among those who know what´s going on, than the events in
Ukraine let us believe. This is certainly good news. We need calm waters out
there. The economic recovery is still very precarious, particularly in the EU,
and we can´t afford major disruptions. Oil remains an important factor in terms
of the recovery and its price can have a critical impact on economic and social
stability in Europe.
That´s
why we have to pay more attention to the situation in Libya, Iraq, Nigeria, and
also make sure that Iran plays ball as agreed and can be back in the oil market
as an important supplier.
These
are some of the countries that would call for more focus within the EU
machinery.
No comments:
Post a Comment