What is the forecast for international oil prices if the Middle East situation de-escalates?

According to Vice Minister of Economic Affairs Ho Chin-tsang, even if the Middle East situation de-escalates, it will be difficult for international oil prices to return to pre-war levels (February 28) in the short term.

Will Taiwan's domestic oil and gas supply be affected by the Middle East situation?

Vice Minister Ho Chin-tsang explained that Taiwan's domestic oil and gas supply will not be affected because CPC Corporation, Taiwan, is continuously adjusting oil sources and has prepared in advance. Supply until June is secure, and July's supply is also being arranged.

AI News NQ Analysis

Ministry of Economic Affairs: Oil Prices Unlikely to Return to Pre-War Levels in Short Term Even if Middle East Conflict Cools

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AI Summary (NQ-processed)

Taiwan's Ministry of Economic Affairs stated that international oil prices are unlikely to return to pre-war levels in the short term, even if the Middle East conflict de-escalates. The National Development Council anticipates limited impact on CPI if the conflict ends soon. CPC Corporation, Taiwan, assures stable domestic oil and gas supply through continuous resource allocation.

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Frequently Asked Questions

Q: What is the forecast for international oil prices if the Middle East situation de-escalates?: A: According to Vice Minister of Economic Affairs Ho Chin-tsang, even if the Middle East situation de-escalates, it will be difficult for international oil prices to return to pre-war levels (February 28) in the short term.
Q: Will Taiwan's domestic oil and gas supply be affected by the Middle East situation?: A: Vice Minister Ho Chin-tsang explained that Taiwan's domestic oil and gas supply will not be affected because CPC Corporation, Taiwan, is continuously adjusting oil sources and has prepared in advance. Supply until June is secure, and July's supply is also being arranged.