Because a barrel of oil by the end of 2023 could jump to $ 100, the worst affected will be the economy of Japan, India, Germany and France, which are seriously dependent on oil supplies. It writes the edition of Dunya, citing the opinion of experts.

If the oil price rises to $100 per barrel due to the reduction of oil production by the countries, members of OPEC+, it will adversely affect the economy of ten countries but the U.S.. In particular, five oil-importing countries will be directly affected, while another five states, including Turkey, will be indirectly affected, the publication noted.

Market experts agree that those countries that are most dependent on fuel supplies will be hit hardest. In particular, Japan, India, Germany and France will be directly affected. There will also be some problems in South Korea, which will affect some areas of industry.

According to experts, emerging markets, which do not have much currency, will also suffer from rising oil prices. However, this fuel price will not be permanent. In the long term, the price per barrel of oil will range between $80 and $90.

On April 4, the Japanese Cabinet Secretary General Hirokazu Matsuno said that the authorities intend to closely monitor the possible impact on the Japanese economy of OPEC+ countries’ decision to reduce oil production to maintain the stability of the energy market.

Earlier, we reported that oil prices are fluctuating under the influence of contradictory factors.