DIW Economists Assure Stability of Oil Supply in Europe Amid Rising Prices
DIW Economists Assure Stability of Oil Supply in Europe Amid Rising Prices
The German Institute for Economic Research (DIW) reports that oil supply in Germany and Europe remains stable despite recent price surges linked to the escalation of the Iran conflict.
Franziska Holz, an economist at DIW, stated that the supply of crude oil and petroleum products, including gasoline and diesel, is secure, although challenges persist regarding kerosene availability. The diverse sources of oil imports mitigate the risk of widespread supply disruptions. Holz noted that the ongoing tensions in the Persian Gulf are unlikely to lead to a significant decrease in oil prices, with global oil availability down nearly 20% since the onset of the conflict. She emphasized the importance of conserving gasoline and diesel in response to the current market conditions.
For journalistic integrity, this report was summarized from: handelsblatt.com
