However, the rising prices in the international markets do not seem to be easing any time soon, and there are still two to three months left of the heating season. Drastic price increases for oil cannot be ruled out this year. Brent, the domestic standard, forecasted a rise from $ 60 (currently $ 80) at the end of last year to as much as $ 90-100 if supply shortages persist or intensify. However, OPEC recently came to an agreement to increase oil production by four barrels a day in February in response to the steady rise in demand. But Brent’s price did not decrease with the news.
Another worrying sign: European gas prices increased by 20 percent the other day.
This is compared to Monday’s closing value, after gas transmission on the Yamal-Europe gas pipeline was moving from west to east in the opposite direction for the 15th day, meteorologists predicted that most of Europe’s weather patterns will soon turn back to wintry conditions. On Europe’s largest gas trading point, the Dutch TTF, the futures quote for next February was originally at € 94.5 per megawatt-hour of gas, but then later that day the price was increased to € 98.
Reverse transport is not a problem in itself as the energy carrier flows in the given direction based on the orders. However, it is not very reassuring that in the current situation, the 2000 km long pipeline from Russia through Belarus and Poland to Germany has been flowing from Germany to Poland since the 21st of December.
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