Oil. Archival photo HOUSTON (USA), March 9 Turkey expects that world oil prices will continue to grow after the imposition of economic sanctions against Russia by Western countries due to the events in Ukraine, Alparslan, Deputy Minister of Energy of the Republic, told RIA Novosti Bayraktar. «Yes. This is simple math — if the supply is reduced, prices go up,» Bayraktar said on the sidelines of the CERAWeek international energy conference taking place in Houston, answering a question about the possibility of further growth in prices for «black gold» in the light of recent events in Ukraine .World prices for oil and gas in recent weeks have been under pressure from the difficult geopolitical situation in the world. Against the backdrop of the situation around Ukraine and the ongoing military operation of the Russian Federation, the price of Brent oil on Tuesday exceeded $125 per barrel for the first time since 2012. The day before, the price of Brent briefly reached $139.13 per barrel — for the first time since July 16, 2008, WTI — rose to $130, for the first time since September 22, 2008. Prices are gradually approaching record levels that were reached on July 11, 2008.
