Price increases had three major drivers: the collapse of Iranian exports, the decrease in US stocks and the depreciation of the dollar
Between ups and downs, the month of August has seen a re-balancing of oil markets, with the main qualities on a downward trend and OECD stocks dropping
Contratto triennale siglato dal colosso Rosneft
Thanks to the euro/dollar exchange rate, the rebalancing between supply and demand, the tendency to depreciate for US crude and the agreement reached in Algiers on OPEC production, the price of crude oil went over $59 a barrel in September, as had last happened in august
Il numero uno del colosso petrolifero si sarebbe opposto a riduzione output
Mosca plaude alla decisione ma per ora non si impegna a tagliare
With crude oil remaining at fairly stable price levels, the main producing countries are preparing for the imminent official events in which the strategies for the coming months will be defined
Despite the failure of the OPEC summit of June 2 in Vienna, in which the member states did not manage to reach an agreement on neither a production freeze nor a return to a production cap, the price per barrel has not decreased
The increase in oil prices in April, the highest increase in a year, is the result of the reduction in availability on an annual basis, which in 2016 will be less than 700,000 barrels per day. All this despite the failure of negotiations in Doha
Fondi speculativi presi in contropiede, torna faida Ryiad-Teheran