Marseille: killing of Soleimani, serious repercussions on oil prices

Concern was expressed by Michele Marseille, president of FederPetroli Italia who, interviewed by Adnkronos, said that the killing of General Soleimani will cause important repercussions on international oil prices.

"History repeats itself as in the days of Saddam Hussein, same script '. "The US raid on Baghdad that resulted in the killing of General Soleimani is the clear sign of a war for the US oil fields in the region. History repeats itself as in the days of Saddam Hussein, the same script ". The president of FederPetroli Italy, Michele Marseille, said this to Aki-Adnkronos International, commenting on the killing in Iraq of the commander of the Quds Force, the elite corps of the Guardians of the Revolution of Iran. "If the main focus has been on Libya in recent months, with this latest episode two strategic geopolitical objectives in the Middle East are affected: Iraq and Iran, as well as the countries connected to the political factions of the Iranian Ayatollahs," continues Marseille.

According to the president of FederPetroli Italia, the killing of the general will also have direct consequences on international oil prices. "An event of such importance - he explains - has upset the procurement policies of important orders for Iraqi crude already previously contracted". "A surge of 4,3% in the oil price is a difficult swing to contain on bargaining and in adjusting prices, both for the WTI and for the Brent - he concludes - As FederPetroli Italia we expect strong daily swings for next weeks".

Marseille: killing of Soleimani, serious repercussions on oil prices