“Fossil energy sources still continue to play their main role in the energy supply of the economy and households of various countries.
There is an idea that, apparently, this need will also be in the future, that no “green” replacement of these fossil sources has yet been observed, ”the economist explained.
Another reason for the increase in oil prices is that as the pandemic crisis emerges, the need for energy resources is growing, including petrochemicals, Belyaev said.
“The geopolitical background... With Nord Stream 2, it is clear that it has slowed down due to purely political factors.
And the geopolitical background is the one that creates uncertainty in world oil supplies, in transport chains, in logistics, including in relation to the main oil and gas producing countries, ”said the specialist.
Earlier it was reported that the price of Brent futures for April delivery rose by 0.9% to $96.02 per barrel.