OPEC surrender: We are no longer able to defend oil prices
Cartel is no longer able to
protect world oil prices, which
falling more than two times since June 2014
of the year. This statement was made Minister
Energy of the United Arab Emirates Suhail al-Mazrui,
According to the agency France Press.
The minister believes that
for recovery of oil prices
We need to cut production of shale oil
in North America. “We can not continue
defend a certain price “, – he said,
Al-Mazrui, confirming also that the excess
oil appeared on the market because of the huge
volumes of shale oil.
The price of futures
Brent crude is now trading at
at $ 46.85 per
barrel, WTI – at
at $ 45.09.
Yesterday Brent fell
below $ 46 per barrel. Who will replace OPEC in the current situation – as long as is absolutely clear.
OPEC will do with the Iranian oil? Just when it seemed that OPEC’s winning the war with US shale drillers, has opened a dangerous new “front” – and,…
The ruble collapsed after oil OPEC decision to raise quotas On Friday, December 4, euro in currency trading to 17:31 MSK amounted to 74.482 rubles, the…
Oil becomes cheaper on Friday after a sharp rise the previous day The hysteria around the oil quotations gradually eroding – today oil prices began…
- Formula saving deposit in crisis situations
- Does it make sense to work on market in both
- Dollar sharply lower on Wednesday