Tuesday , January 18 2022

The plan to turn the crane raises oil prices.



[ad_1]

Oil prices announced by US oil correspondent Donald Trump through OPEC oil cartels and tweets on oil stocks are on the way down.

On Tuesday night, the price of oil in the North Sea was above $ 65 per dish, which is a big downtrend compared to the October peak of $ 87 a barrel.

Prices dropped after OPEC announced a new outlook for the downturn in demand in 2019 and Saudi Arabia and other oil nations signaled a slowdown in production.

Carsten Fritsch of the Commerzbank newspaper, "There is no doubt that we have to reduce production because it is overproduction.

Tuesday 's fall slightly rose when Saudi Arabia, the world' s largest oil producer, announced it would cut production.

The US president crashed on Monday and asked what he meant by the cut. Hopefully not Saudi Arabia or OPEC oil production. On a supply basis, prices should be much lower, he said.

Bjarne Schieldrop, an analyst analyst, said: "The confusion about Saudi Crown Prince and oil investors has contributed to the drop in oil prices.

He believes price declines can be explained as US petroleum inventories rise in US diesel prices, which have fallen to very low levels.

[ad_2]
Source link