He Oil price Sinks in A new fall After rejecting last week of 2021 before the fear of a scene of the economic crisis or recession. The business tensions unleashed by the fare war and the increased production of the OPEC+ are now included A ‘Magarakart’ in the barrel of Arabia sells in Asia. In this situation, barrel Brent —Poo $ 64.51 1.65% after the session of the session exceeded, while the variation at the same time West Texas Falling 61 dollars After cutting 1.8%
According to the analysis shared by researchers BloombergIn a few days, the decline threatens the treasures of crude oil producing countries, which require more prices to balance their budgets. At the same time, Reducing crude oil somewhat eliminates inflation stresses Donald Trump’s business partners were charged with fees. PP stocks in three sessions have fallen by up to 20%, while companies in the ‘Frecking’ industry in the United States have suffered strong punishments.
On the weekend, Arabia reduced the price of the Arab Arab light badge for South Asia – its main market – The largest reduction after 2022This added anxiety to a panorama. These cut operators were more severe than expected and joined the Saudi -led OPEc+production last week with a surprise increase. “The dominant issue is less needed and the fear of the increase in delivery”Ole Hvalbye, SEB AB raw material analyst said. “The expansion of the business war has updated the feases of the potential global recession, which leads to a low demand, which has worsened by an unexpected increase in OPEC+production.”
Consultation estimates that institutional features can be activated 1.1 million barrels of barrels per day for global consumption. The combination of pessimism dragged the future of the crude at the level of four years. Businesses such as road transport and airlines benefit from very low fuel costs, while Trump celebrated the fall of oil prices on his social network, “there was no inflation.”
Arabia and Russia analyze the slump
Nevertheless, the budgets of the OPEC+ countries may be very vulnerable. Saudi Arabia requires barrel of $ 90 According to the International Monetary Fund, to balance your public accounts. Russia announced Monday and performs all possible to reduce the impact of the decline on its economy Its crude price approaches $ 50. “We follow the situation closely, is characterized by the most volatile, tense and emotionally mounted,” says Kremlin spokesman Dmitry Pescov, says the Interfax Agency. Russian authorities are working to reduce the consequences of this international economic storm for our economy.
