Sunday , January 17 2021

Who commands the oil market now that OPEC has lost weight



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Organization of Petroleum Exporting Countries (OPEC) OPEC) is one of the most powerful international organizations. Since its inception, its decisions have contributed swing to the world. What better example than the crisis that caused his decisions in the seventies of the last century. “The Organization of Petroleum Exporting Countries (OPEC or OPEC) is one of the international organizations with more power. Since its inception, its decisions have contributed swing to the world. What better example than the crisis that caused his decisions in the seventies of the last century.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "But something has just changed. The organization has lost control of the oil market, The actions of Presidents Donald Trump, Vladimir Putin and Crown Prince Mohammed Bin Salman will determine the price of oil in 2019 and beyond. And it is clear that each of them wants different things, and they will look at their own interests. It will probably strain even more, if it is possible, relations between states. “Data-reactid =“ 12 ”> But something has just changed. The organization has lost control of the oil market, The actions of Presidents Donald Trump, Vladimir Putin and Crown Prince Mohammed Bin Salman will determine the price of oil in 2019 and beyond. And it is clear that each of them wants different things, and they will look at their own interests. Most likely, it will strain even more, if it is possible, relations between states.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[Alsointeresting:[Tambiéndeinterés:[Такжеинтересно:[Tambiéndeinterés:"Why technology companies no longer hire university students"]. "data-reactid =" 13 ">[Alsointeresting:[Tambiéndeinterés:[Такжеинтересно:[Tambiéndeinterés:"Why technology companies no longer hire university students"],

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "USA, Russia and Saudi Arabia together they produce more oil than 15 OPEC members. All three pumped at record speeds and each of them can increase production. Next year In fact, this is exactly the magnitude of the new production and forecasts that Brent oil fell to $ 62 this week – a decrease of 27% in a month and a half – due to investors' concerns about the presence of excess supply. "data-reactid =" 25 ">USA, Russia and Saudi Arabia together they produce more oil than 15 OPEC members. All three pumped at record speeds and each of them can increase production. Next year In fact, this is exactly the magnitude of the new production and forecasts that Brent oil fell to $ 62 this week – a decrease of 27% in a month and a half – due to investors' concerns about the presence of excess supply.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In addition, there is concern about a possible reduction in consumption of this type fuel, in fact, the last report World oil outlook 2018 from OPEC itself & nbsp;predicts lower world oil demand& nbsp; as a result of increased energy efficiency and changes in transformation, generation and transportation, as well as the boom of renewable energy sources. data-reactid = "26"> In addition, there is concern about a possible reduction in the consumption of this type of fuel, in fact, the last report, "World Outlook Oil 2018", from OPEC itself predicts lower world oil demand as a result of increased energy efficiency and changes in transformation, generation and transportation, as well as a boom in renewable energy.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "So far, OPEC has been influencing the price of crude oil for an increase or decrease its production Since 1987, he established a quota for each partner, but Saudi Arabia – a member of the group with the largest share and it seems that from now on he can make decisions without consulting partners. This will lead to a reduction in the power of the Organization as a whole. The Arab country becomes the lead actor individually, and its decisions will be key in the future of the market. ” Data-reactid = "27"> So far, OPEC has influenced the price of crude oil, increased or reduced its production. fee for each partner but Saudi Arabia – a member of the group with the largest share and it seems that from now on he can make decisions without consulting partners. This will lead to a reduction in the power of the Organization as a whole. An Arab country becomes an actor-hero individually, and its decisions will be key in the future market.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "International pressure on Saudi Arabia influences the decisions of its leaders, front page for cases like murder of a journalist Jamal Hashoggi or the Yemen war& nbsp; weighing & nbsp;in their new solutions and lower oil prices help reduce stress. ” data-reactid = "28"> International pressure on Saudi Arabia influences the decisions of its leaders, being on the front page for cases such as the murder of a journalist Jamal Hashoggi or the Yemen war weight in their new solutions and lower oil prices help reduce stress.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although it is not part of OPEC, Russia He always maintained good relations with the organization and sought in harmony, but from June, Putin leads the impetus to increase the production of barrelsThis provoked a chain reaction of the OPEC group, which lowered the restrictions on production, which were implemented from the beginning of 2017. In deciding to speed up their development, the Russians leave something aside from their institutional and commercial relations with their partners. OPEC, and they have a much more noticeable impact on the global oil market. ” Data-reactid = "29"> Despite the fact that it is not part of OPEC, Russia has always maintained good relations with the organization and produced a tune But since June, Putin leads the impetus to increase the production of barrelsThis provoked a chain reaction of the OPEC group, which lowered the restrictions on production, which were implemented from the beginning of 2017. In deciding to speed up their development, the Russians leave something aside from their institutional and commercial relations with their partners. OPEC, and they have a much more noticeable impact on the global oil market.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For our part, US manufacturing also unexpectedly exploded, as companies that pumped out of Texas broke through their bottlenecks, which slowed down production. In addition, the government gave the order to produce more, although it should be cheap. Trump remains free, also in the case of oil. If a barrel is cheaper, then you need to wait, so this is what we need to fill the deposit less. ” Data-reactid = "30"> For our part US manufacturing also unexpectedly exploded, as companies that pumped out of Texas broke through their bottlenecks, which slowed down production. In addition, the government gave the order to produce more, although it should be cheap. Trump remains free, also in the case of oil. If the barrel is cheaper, then you have to wait, so this is what we need to fill up the deposit less.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Laotracaradelamoneda "data-reactid =" 31 ">Laotracaradelamoneda

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "IDNet News"data-reactid =" 32 ">IDNet News


Source link