The new geography of manufacturing. The speed at which China is changing its energy mix, from coal to gas. Europe’s response. The interwoven fates of Rome and Beijing over the Belt and Road Initiative
A new development pole that wants and can become an alternative to the Euro-Atlantic center. Gas is above all
In addition to the OPEC+ deal and the turmoil in the Latin American country, another bullish factor was a slight depreciation of the dollar and the impression that the Federal Reserve will not implement a strong tightening monetary policy in 2019 as it was previously supposed
To balance the market, global economic powers must implement expansive policies and producer countries must implement the production cuts agreement as soon as possible
At the center of the recent slowdown in crude oil prices, Washington’s moves on the international geopolitical chessboard, the confrontation with OPEC and the movements of constant rapprochement between Russia and China
The main reasons for the rise in oil prices are the collapse of Lybia’s and Venezuela’s output along with the economic measures imposed against Iranian crude exports. Looking at country data, China and India are still the key drivers
Price increases had three major drivers: the collapse of Iranian exports, the decrease in US stocks and the depreciation of the dollar
As oil prices fall, global demand is expected to grow. Asia is driving the increase in demand thanks to the estimated 900,000 b/d
In addition to the positive trend, the Vienna agreement has allowed Russia and Saudi Arabia to achieve two fundamental objectives: higher production and consequently higher income
Among the main factors driving the recent price increases, many geo-political developments, such as the new US sanctions against Teheran, the decrease in American stocks and the case of Venezuela
