For the first time in four years, the price of oil fell below $ 30 per barrel

The fall in oil prices continued. Only over the past day, the price of a barrel collapsed by more than 15 percent. For the first time in a long time, a barrel of Brent black gold fell below the psychological mark of $ 30 (for the first time since January 2016).

The result of $ 29,60 per barrel was recorded at night in Moscow. By morning, the barrel won back its fall, rising again above $ 30. As of the current moment, the “barrel” of oil is trading at around $ 30,5.

Large international sites are changing their forecasts for the 2nd and 3rd quarters of this year. So, according to experts of Deutsche Bank for this time period, the oil price will average $ 25 per barrel. This despite the fact that initially the same German experts gave a forecast for 53 dollars.

The meeting of the OPEC + technical committee scheduled for March 18 is canceled. Experts believe that this fact added additional uncertainty to the market, because the barrel sagged below $ 30.

An additional negative impulse for oil is given by the coronavirus pandemic. The Russian government announced that the Russian economy is undergoing a “double blow” under such conditions: from COVID-19 and falling oil prices.

Comments

[Krasnodar]

Skolkovo will pull us

[Same lech]

Skolkovo will pull us

Well, black humor of course ... but when the oil pandemic reaches you it will no longer be funny ...

[Krasnodar]

I'm already sad since 2015)).

[askort154]

Krasnodar ....I have been sad since 2015))

Suitcase, train station - and again to Israel.

[Krasnodar]

So in 2015 I basically lived in Israel - at least half the time

[kjhg]

Quote: Krasnodar

Skolkovo will pull us

Rather drags along

[Aerodrome]

For the first time in four years, the price of oil fell below $ 30 per barrel

classes!

[smart ass]

For 30 years they have been building an economy independent of energy resources and suddenly a barrel of oil and bam sneaked up! Who's guilty? Trump? State Department? Coronovirus?

[Krasnodar]

Mentality.

[NIKN]

Yes, it is interesting that oil prices all over the world have fallen, and of the currencies, only the ruble has dropped specifically. This despite the fact that "... we will survive the crisis better than anyone else .." so they said ...
Judging by the information provided, whoever suffers, the dollar should already cost 68 kopecks, but no .... soon 100 rubles will be.

[regdan]

It's time to get into the pockets of the Russians to maintain the oligarchs ...

[DMB 75]

They will rob again, that's how it is.

[Rurikovich]

Quote: regdan

It's time to get into the pockets of the Russians to maintain the oligarchs ...

And this is the normal practice of any government, be it Russia, Belarus or Burkina Faso

[onix757]

be it Russia, Belarus

In Belarus, which has no natural resources, retirement at 58 and 63 years old, respectively, and without any points. In the Russian Federation ... you know yourself. So, one should not put in one line the anti-people’s policy of the Russian Federation and socially oriented in Belarus.

[mitroha]

Quote: regdan

It's time to get into the pockets of the Russians to maintain the oligarchs ...
Reply

In the morning I threw it in and started playing the day with new colors.

[Sarduor]

The Saudis offered Europe oil at 25, that’s a fever

[mitroha]

So, according to experts of Deutsche Bank for this time period, the average oil price will be $ 25 per barrel. This despite the fact that initially the same German experts gave a forecast of $ 53.

Experts are such experts. Almost like English scientists and Russian meteorologists. Not a job, but a dream.

[Mytholog]

To the Saudis - shitty, to the American shale - shitty, ours - also shitty. No matter where you look, no one wins; everyone makes sacrifices.
One only wins. It turns out that everything was done so that the Yankees did not worry and chose Trump again.
Weak bets on him are being made, as I look.

[voyaka uh]

Not everyone. Oil importing countries are excellent. India, China, USA, Europe, Australia.
Such prices for raw materials will help China quickly get out of the failure created by the epidemic. They have already curbed the epidemic, factories are starting to work. China will pull the rest.

[rocket757]

The whole world is shaking, not only from the virus ... economic "viruses" or "black swans" have arrived and everyone will be shaken! So we'll see who has a stronger foundation ??? Although, it would be preferable to observe all this from a distance ... it will not work.

[Mountain shooter]

Quote: rocket757

The whole world is shaking, not only from the virus ... economic "viruses" or "black swans" have arrived and everyone will be shaken! So we'll see who has a stronger foundation ??? Although, it would be preferable to observe all this from a distance ... it will not work.

No one will be able to observe from the outside ... My friend from the USA writes that his pension savings are melting before our eyes! I asked - why? It's very simple, he answers. Savings - in pension funds. And the funds' money is invested in securities that are traded on the stock exchange ... The stock exchange sank - and he can see how much his savings "dried up". At the moment, according to Misha, by 30 percent.

[rocket757]

I have neighbors, pensioners from Germany ... from emigrants and other troubles washed away, as it seemed to them, but no. The news does not come to them, not the most, not the most from there! If they have one, but we already have three families bought a house, live, and another family is on the way.
The crisis has just begun, and the people, in many places, are already "shaking" ... despite the fact that our people are not massively infected with the "shaking", only a part, the Spesfis.

[unhappy]

MMM was also called securities. You can't trust anyone

[kjhg]

Quote: Mountain Shooter

. My friend from the USA writes that his pension savings are melting before our eyes!

Poor, poor American retirees. I'm so sorry for them. But even more sorry for our oligarchs and governors. They also have stock prices collapsed. What will happen to them now? Is it really necessary to forbid your wives to fly their own planes every week to shop in Milan and Paris? Well, I do not. This must not be allowed! It will be a shame for a country if they cannot afford it. The honor of the country is above all! I am sure that Putin’s greatest genius of all time will find ways and means to support these unfortunate people.

[Fat]

Quote: rocket757

The whole world is shaking, not only from the virus ... economic "viruses" or "black swans" have arrived and everyone will be shaken! So we'll see who has a stronger foundation ??? Although, it would be preferable to observe all this from a distance ... it will not work.

I've been all lately in connection with
1. Coronavirus
2. Amendments to the Constitution
3. Oil quotes
4. Family troubles
I recall the story of R. Sheckley
"Ticket to the planet Tranai". Where the life of an ordinary citizen is wonderful. I envy you a little))))

[rocket757]

There are places on our planet where nobody is shaking from anything ..... life is simple, measured.
But we are not there, we are here ...

[askort154]

The age-old Russian wisdom - "it's good where we are not."
Visited more than 20 countries. To the question, where would I agree to live - the answer is unequivocal - in Russia!

[rocket757]

From a distance, everything seems different ... but so, we have "more fun" and many are impressed by it.

[Vol4ara]

Quote: rocket757

There are places on our planet where nobody is shaking from anything ..... life is simple, measured.
But we are not there, we are here ...

To Siberia to the Old Believers

[rocket757]

Also an option, but there are places ... warmer, there bananas grow on palm trees, and not in "magnets" and "shopping".

[Paul Siebert]

In such conditions, the Russian economy is experiencing a “double blow”: from COVID-19 and falling oil prices.

As for oil, Russia undoubtedly suffers losses. But where does the coronavirus come from?
The enterprises work, in the shops the shelves are not empty like in Europe, the street is full of people.
Sobyanin, crazy about the Moscow monstrously swollen moshny, joyfully began to spend the loot, pumped out, as usual, from all over Russia.
Now he does not need to invent new mega-entertainment complexes, a subway and fourth-fifth-sixth rings around the Third Rome.
The goal is clear - Sobyanin will save the people!
The Moscow.
Isolates Moscow from the rest of Russia. It is high time...
It has been a de facto enclave for a long time.
Good luck!

[Mordvin 3]

Quote: Paul Siebert

As for oil, Russia undoubtedly suffers losses. But where does the coronavirus come from?

And they already thought in advance that it was necessary to blame the ghost of the coming crisis on this sore. Then they will also praise themselves, loved ones: "How great are we, we coped with the terrible plague of the 21st century! Yes, if it were not for us, half of the country would have died out, but if ..."

[donavi49]

The global world is the same. Well Fargo - already lost 50% of the cost. Deutsche Bank is about to bend. Yesterday in the USA there was a record drop in indexes on points. Europe is falling.

I’m going to go to work if, say, your factory does something, from which something else is made in Europe. However, the factory in Europe is quarantined. And its cost dives losing 10-15% per day.

And yes, in 2008, one bank in the USA also closed, and slammed around the world . That in Chelyabinsk or Naberezhnye Chelny as in the 90s, for 2-3 months people were sitting without salaries, for a 2-3 day working week.

If Trump can’t put out the market with trillions (and they have already given up the idea of ​​putting out 500 billion a day, now trillions of REPOs are flying into the furnace). That crisis will hit harder than in 2008. The Golden Three (JPM / BAC / WFC - lost 40-50% today). Enterprises are also very difficult. Boeing is already in 2013.

[common man]

Quote: Paul Siebert

Now he does not need to invent new mega-entertainment complexes, a subway and fourth-fifth-sixth rings around the Third Rome.
The goal is clear - Sobyanin will save the people!

Here and rings will be useful "around the Third Rome". To expose the cordon to isolate itself from the rest of Russia.

[Karaul73]

Quote: askort154

Krasnodar ....I have been sad since 2015))

Suitcase, train station - and again to Israel.

In Israel, at least heal! You send a person to a better life.

[askort154]

Sentry 73.
In Israel, at least heal! You send a person to a better life.

He fled from Israel to Krasnodar. Here he sells apples, but with soul and suffering for Israel - on the VO website. As they say in Russia - "sent Cossack" to VO.

[Karaul73]

Quote: askort154

Sentry 73.. Suitcase, station - and again to Israel.
In Israel, at least heal! You send a person to a better life.

He fled from Israel to Krasnodar. Here he sells apples, but with soul and suffering for Israel - on the VO website. As they say in Russia - "sent Cossack" to VO.

So many do. They take bread with butter and caviar in Russia, and spend money and rest in the hated Europe or the states, teaching others.

[16329]

On the contrary, it’s much more convenient now, due to exchange rate differences

[sanik2020]

As was the case in the past and the year before last crisis, the oligarchs were compensated for their losses from the budget and the people are saved themselves.

[gig334]

It's okay, the business elite has an airbag, these are the pockets of the common people.

[Alexey from Perm]

For this, we thank Mr. Novak and our entire government)), headed by Putin. Has life become more fun?