Money Today Reporter Choi Min-kyung | 2024.04.19 19:23
Minister of Trade, Industry and Energy Ahn Deok-geun presides over an urgent situation review meeting regarding the Middle East situation held at the Seoul Government Complex in Jongno-gu, Seoul on the 19th with the participation of key executives of the Ministry of Commerce , Industry and Energy, including Minister for Trade Jeong In-kyo and First Vice Minister Kang Kyung-sung. /Photo = Provided by the Ministry of Trade, Industry and Energy.
As tensions in the Middle East increase as Israel retaliates against Iran, analysis suggests the impact on our industry will be limited. If the war in the Middle East spreads, it is expected to have a negative impact on imports and exports.
On the 19th, the Ministry of Trade, Industry and Energy convened director-level executives at the Seoul Government Center presided over by Minister of Trade, Industry and Energy Ahn Deok-geun and held an emergency meeting to check domestic oil and gas supply and demand. trends.
As of this day, the international oil price of Brent crude oil was $90.73 per barrel, up 4.2% from the previous day’s closing price ($87.11). However, as of 4 pm, it was $88.11, up just 1.1% from the previous day’s closing price.
The Ministry of Trade, Industry and Energy analyzed that the impact on our industry, including oil and gas supply and demand, import and export, and the supply chain, will still be limited. There are no barriers to the introduction of crude oil and liquefied natural gas (LNG). Oil tankers and LNG carriers near the Middle East were also found to be sailing normally.
However, the Ministry of Trade, Industry and Energy predicted that if the war in the Middle East spreads, energy prices such as oil and gas will rise, supply and demand will become difficult, and exports and imports will have adversely affect them.
Trade, Industry and Energy Minister Ahn Deok-geun said, “As the uncertainty of the situation in the Middle East increases further, it is necessary to closely monitor the external situation that affects our economy.” ,” he said.
The Ministry of Trade, Industry and Energy identifies and responds to daily trends through the comprehensive situation room established after the Iranian air attack on Israel on the 13th. On the 20th, an ‘Emergency Response Inspection Meeting’ will be held with the participation of the Ministry of Trade, Industry and Energy, related organizations, and local trade officials, chaired by Second Vice Minister of Trade, Industry and Energy Choi Nam-ho, to examine the local situation and related trends in the Middle East.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
#Ministry #Trade #Industry #Energy #War #Middle #East #problem #oil #gas #supply #limited #domestic #impact
