Amman, Sept. 27 (Petra) — Continued regional tensions, the
Russia-Ukraine war and disruptions to transport and supply routes,
shipping lanes and refineries are placing mounting pressure on global
energy markets and pushing oil and gas prices higher, economic expert
Munir Diyeh said Sunday.

Diyeh explained that prolonged crises would keep global oil prices
elevated, particularly as winter approaches and demand for energy
rises.

He attributed the price pressures to damage to refineries and
production and supply lines, as well as difficulties transporting
energy to global markets.

Disruptions to strategic reserves in major industrialized countries,
concerns over oil supplies and reduced shipping through the Bab
al-Mandab and Strait of Hormuz have also affected freight movement
and driven up marine insurance costs, he pointed out.

These developments have contributed to tighter global energy supplies
and higher prices, while reducing some countries’ ability to meet
market demand at pre-crisis levels, Diyeh added.

Diesel has been among the petroleum products most affected by current
global market developments due to reduced refining capacity at
several refineries, he said.

Diyeh noted that global diesel demand is rising because of its
widespread use in transport, industry and other sectors, while
production and refining capacity remain under pressure.

He expected the approaching winter to further increase global diesel
demand, potentially pushing prices higher. He stated that continued
disruptions to refineries and supply lines would remain key factors
affecting the global diesel market.

//Petra// AJ