Military Review

How the oil price has changed in different years: dynamics from the beginning of the 80s to the present day

66
How the oil price has changed in different years: dynamics from the beginning of the 80s to the present day

Today, when for the Russians news about the dynamics of the cost of "black gold" are no less relevant than the news from the world coronavirus "front", many analysts in search of an answer to the question about the causes and duration of the current price crisis in energy markets turn to the experience of past years. Well, there really can be some clues.


First of all, it is worth recalling that it is possible to talk about any oil pricing as such starting from the 70s of the twentieth century. That is, from the collapse of the monopoly on the extraction and sale of energy from the notorious "Seven Sisters" (the largest multinational corporations, which until then fully controlled the industry and the market), as well as the emergence of the Organization of Petroleum Exporting Countries (OPEC). A considerable degree of more flexible pricing policy was facilitated by the appearance in 1983 of oil futures on world commodity exchanges, which determined the impact on the cost of energy carriers of the financial market.

What has happened to the cost of an oil barrel over the past forty years and why? The peak of its first growth stage, "black gold" reached by 1980, having exceeded the price of $ 35 per barrel. After 1973 there was a fantastic climb. In addition to the above-mentioned changes in the market itself, several political events in the Middle East contributed to this: the anti-Shah revolution in Iran and the ensuing Iran-Iraq war. In addition, in retaliation for West support in the Doomsday War of Israel, the Arab countries tried to block the flow of “black gold” to their maximum.

At the same time, everyone rushed to extract oil - including countries that had not previously thought about it. Norway and Britain begin drilling the shelf of the North Sea, Mexico - the development of the huge Kantarel field. At the same time, the Soviet Union closely began to exploit the oil deposits of Western Siberia. Not surprisingly, by 1980, supply in the oil markets began to exceed demand. It is quite natural that the barrel went down, and more rapidly. The first global “collapse” of value occurred in 1986 - and precisely because of overproduction.

From 1987 to 1999, the oil price was below $ 20 per barrel with slight fluctuations. Especially accelerated "glide" down after the defeat of Iraq by the Americans in 1991. The Asian economic crisis also made itself felt. As a result, in 1998 the cost of a barrel reached $ 12.

The consequences in the form of "default", most Russians felt for themselves. A return to figures resembling the previous price began in 2000. The reason was the new economic recovery of the Asia-Pacific region, primarily China. However, the price tag of $ 35 per barrel "black gold" crossed only in 2004, starting a rapid and steady growth.

Historical for oil prices, the boundary of $ 100 per barrel was overcome in 2008. In the United States, a mortgage crisis began, which later grew into a global one. Initially, this gave the commodity markets an impetus for rapid growth, but by the end of that year, a global recession had begun, affecting them, of course, in the most detrimental way. The end of the year, energy markets met a four-year low of prices; a barrel of oil produced just over $ 40. By next year, its value returned to 60 with a small dollar.

The golden time for oil industry workers was 2011-2013. Libya, which occupied a considerable share of the market, was almost wiped off the face of the earth in order to “establish democracy,” the “Arab spring” was burning in the Middle East, and the tireless Chinese comrades, creating their own economic miracle, demanded more and more energy. The price of "black gold" steadily held above hundreds of dollars per barrel until 2014, when another recession occurred.

Who's guilty? There are several reasons. These are the Americans who “jumped out” with their shale oil, and the slowdown in the economy of the Celestial Empire, and the global drop in demand for energy resources, and the prolonged reluctance of market participants (the same OPEC) to reduce production.

All of this taken together led to the fact that already in 2015, the barrel again fell in price by half. The current, called by some people disastrous price of $ 30 a barrel already reached in early 2016. Then he slowly returned to 40 and slowly began to “climb” higher, adding in 2017 from 56 to 64 dollars, and in 2018-2019 he confidently gained a foothold in the price range of 60-70 dollars per barrel. And then the year 2020 came ...

Those who are inclined to blame for the collapse of energy prices that are happening now are solely the intransigence of our country, either deeply mistaken or deliberately misleading. An epidemic of a coronavirus with an almost complete cessation of air traffic, isolation of countries, shutdown of enterprises, and other related problems would have completely unavoidably collapsed. What to do now? Wait. And to hope that behind the global crisis, no matter how fierce and comprehensive it may be, a new rise will inevitably come. Including for the oil markets.
Author:
Photos used:
Rosneft website
66 comments
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  1. Yehudi Menuhin
    Yehudi Menuhin 27 March 2020 09: 50 New
    -3
    Listen to Slepakov. Exhaustively about oil
    1. Machito
      Machito 27 March 2020 12: 07 New
      +7
      It would be interesting to compare oil and gasoline price charts in Russia since 1980. And then oil is getting cheaper, and gas is getting more expensive.
      Parodox.
      1. Ros 56
        Ros 56 27 March 2020 12: 53 New
        +1
        It’s not just a paradox, it’s a clinic and it’s time for these oil refiners to go by the legs and angle, they can start thinking.
      2. knn54
        knn54 27 March 2020 13: 13 New
        -1
        There is no paradox - oil is getting cheaper, but the dollar is growing. EVERYTHING is attached to it.
        1. maidan.izrailovich
          maidan.izrailovich 27 March 2020 14: 57 New
          +5
          There is no paradox - oil is getting cheaper, but the dollar is growing. EVERYTHING is attached to it.

          You cannot come to a rally with such clever phrases. This letter is not familiar to the people. They don’t understand. They can beat. laughing
        2. Machito
          Machito 27 March 2020 16: 06 New
          +3
          That's right, in Russia the price of gasoline does not depend on the price of oil, but depends on the dollar. Russian gasoline is not made from oil, but from dollars. The ruble exchange rate depends on the price of oil, but with an increase in the price of oil, the ruble does not grow. Economic anomaly. Black hole. The Nobel Prize in economics pulls. Paradox.
          Why are prices never reduced in Russia?
          1. Sling cutter
            Sling cutter 27 March 2020 20: 33 New
            +5
            Quote: Bearded
            Why are prices never reduced in Russia?

            For this, say thanks to Putinism.
          2. Zoldat_A
            Zoldat_A 29 March 2020 07: 37 New
            +2
            Quote: Bearded
            in Russia, the price of gasoline does not depend on the price of oil, but depends on the dollar.

            In Russia, the price of gasoline does not depend on the price of oil, nor on the dollar, ANYTHING does not depend on anything.
            She's just growing. When faster, when slower, but just growing.

            Those who manage to explain it intelligently-deserve the Nobel Prize in economics. Only no one will be able to, because no one has managed to push the greedy greed into any economic formula.
            1. The comment was deleted.
              1. Zoldat_A
                Zoldat_A 29 March 2020 08: 04 New
                0
                Quote: Boltunov
                for a profit of 200%, the capitalists are ready to sell their mother, if only to achieve this ..

                Thomas J. Dunning, XNUMXth century English trade unionist. Karl Marx quoted in "Capital," he is also mistakenly attributed:
                ... once sufficient profits are available, capital becomes bold. Provide 10 percent, and the capital agrees to any use, at 20 percent it becomes lively, at 50 percent it is positively ready to break its head, at 100 percent it violates all human laws, at 300 percent there is no crime that he would not risk, at least under pain of the gallows.
                1. Boltunov
                  Boltunov 29 March 2020 09: 54 New
                  -1
                  Quote: Zoldat_A
                  Thomas J. Dunning, XNUMXth century English trade unionist. Karl Marx quoted in "Capital," he is also mistakenly attributed:

                  Thanks Soldier, exactly This! But I won’t write an answer to you and my opinion .. Such as I am being deleted here, I’m too objectionable to them .. soldier But I don’t take offense at them and I feel good at heart .. I beat them here pointwise and how angry they are and threaten me .. God is their judge! wink
  2. Svarog
    Svarog 27 March 2020 09: 51 New
    +5
    Our country is "developing" strictly in the wake of oil quotes.
    Who's guilty? There are several reasons. These are the Americans who “jumped out” with their shale oil, and the slowdown in the economy of the Celestial Empire, and the global drop in demand for energy resources, and the prolonged reluctance of market participants (the same OPEC) to reduce production.

    There will always be someone to blame .. But in my understanding, the reason is not oil prices to be sought, but the development of production in Russia
    1. Lannan Shi
      Lannan Shi 27 March 2020 10: 04 New
      12
      Quote: Svarog
      Who is to blame?

      Those who are building a single-resource economy. In the last century, there was even a definition - a banana republic, and it is far from necessary that bananas were grown there. The main thing is the almost complete dependence of the country on demand and prices for one type of product. Goods of low redistribution. None of the banana republics did well. If you look at the perspective of half a century, at least, and not a segment of 5-10 years. That's just 5-10, or even 15 years, a banana republic can bloom and smell. Thanks to successful market conditions and rush demand. But ... It seems that the government of one country, we won’t poke a finger exactly which, the whole government, in a crowd, according to history, has ratings in the range from 0 to 1. For dancing on a rake. on which a third of the world has already walked ... It’s not even talent, it’s talent .... And when some people, again we won’t poke a finger, spoke of a great energy power, I wanted to send him to school so that they would tell on historical examples of the great banana republics.
      1. Okolotochny
        Okolotochny 27 March 2020 12: 21 New
        -5
        Those who are building a single-resource economy.

        So it has already been, since the days of the USSR. The main foreign exchange earnings were precisely from the export of natural resources and raw materials.
        1. Lannan Shi
          Lannan Shi 27 March 2020 12: 51 New
          +7
          Quote: Okolotochny
          So it has already been, since the days of the USSR. The main foreign exchange earnings were precisely from the export of natural resources and raw materials.

          Pan overseer, but your mother didn’t teach you in childhood, what is wrong to lie?
          In 1986, the volume of exports of the USSR - 70 yards of foreign exchange rubles without kopecks. And the export of oil, even in the "golden" years, was in the region of 15. The USSR exported some tractors 10 times more than the Russian Federation produces. Exports of TVs over a million. The number of cameras is the same. Passenger cars up to 300 thousand a year. There are over 15 million clocks and clockwork mechanisms. Refrigerators, radios, buses, trucks, machine tools and equipment, much, much more. But oil, at its peak, is 144 million tons. Half of what the Russian Federation sells.
          I repeat. Lying is bad.
          Dixi.
          1. tatra
            tatra 27 March 2020 15: 01 New
            +1
            And the myth "the USSR was on an oil needle, oil prices collapsed, and the USSR collapsed" is one of the anti-Soviet myths with which the enemies of the USSR cowardly justify their destruction of the USSR.
            1. Vadim237
              Vadim237 27 March 2020 15: 23 New
              0
              Starting from the 70s, the Neftyanka gave the budget of the USSR from 7 to 15%, but it was a foreign currency for which the USSR subsequently purchased modern foreign: equipment, consumer goods, food, cars and so on.
          2. Vadim237
            Vadim237 27 March 2020 15: 25 New
            +1
            In the same 1986, the USSR imported $ 68 billion.
          3. Vadim237
            Vadim237 27 March 2020 15: 29 New
            -3
            A modern tractor replaces 10 Soviet ones - therefore, now in such quantities that no one would produce them in the USSR, and in the foreign market as well as in the domestic market there are quite a lot of manufacturers - we produce as many as they buy and order - the last word for the client.
            1. Machito
              Machito 27 March 2020 16: 08 New
              +4
              Does a modern tractor have a 10 times larger bucket, or does it spin 10 times faster?
              1. Vadim237
                Vadim237 27 March 2020 17: 41 New
                -4
                And here is the bucket - I'm talking about the agricultural tractor and their equipment.
          4. Svarog
            Svarog 27 March 2020 19: 24 New
            +4
            Quote: Lannan Shi
            I repeat. Lying is bad.

            He just doesn't know .. he doesn't know much at all .. but he "believes" .. he hasn't read .. but he condemns ..
          5. Krasnodar
            Krasnodar 27 March 2020 20: 46 New
            -4
            Quote: Lannan Shi
            Quote: Okolotochny
            So it has already been, since the days of the USSR. The main foreign exchange earnings were precisely from the export of natural resources and raw materials.

            Pan overseer, but your mother didn’t teach you in childhood, what is wrong to lie?
            In 1986, the volume of exports of the USSR - 70 yards of foreign exchange rubles without kopecks. And the export of oil, even in the "golden" years, was in the region of 15. The USSR exported some tractors 10 times more than the Russian Federation produces. Exports of TVs over a million. The number of cameras is the same. Passenger cars up to 300 thousand a year. There are over 15 million clocks and clockwork mechanisms. Refrigerators, radios, buses, trucks, machine tools and equipment, much, much more. But oil, at its peak, is 144 million tons. Half of what the Russian Federation sells.
            I repeat. Lying is bad.
            Dixi.

            And most of these products were exported to the CMEA countries))
            When they decided to switch to the "unsecured dollar" in calculations, the CMEA countries stopped buying third-rate products for real money.
            1. Lannan Shi
              Lannan Shi 27 March 2020 20: 53 New
              +2
              Quote: Krasnodar
              And most of these products were exported to the CMEA countries))

              Namely 54%.
              Quote: Krasnodar
              CMEA countries have stopped buying third-rate products for real money.

              But there were fools in the world who bought this third-rate product for 30 yards of foreign currency rubles, or 50 yards of dollars. The dollars of the time. Or at least 150 modern ones. For the Russian Federation it is an impossible dream to sell at least half of that "third-rate" industrial products.
              1. Golovan Jack
                Golovan Jack 27 March 2020 21: 12 New
                -2
                Quote: Lannan Shi
                That's only in the world there were fools who bought this third-rate product for 30 yards of foreign currency, or 50 yards of dollars

                You just have to take one small step - to say exactly how much of these dollars came from the sale of oil, gas and other raw materials wink

                The truth is somewhere nearby ... bolder, bolder laughing
          6. Zoldat_A
            Zoldat_A 29 March 2020 07: 54 New
            0
            Quote: Lannan Shi
            Quote: Okolotochny
            So it has already been, since the days of the USSR. The main foreign exchange earnings were precisely from the export of natural resources and raw materials.

            Pan overseer, but your mother didn’t teach you in childhood, what is wrong to lie?

            A person simply repeats the usual formula invented in the West and repeated by our liberals - "Russia is a world gas station." They forget to add that the world's pantry is a lot more than oil.

            Only one question for them is when the West (the United States in huge quantities) BUys our oil - this, in their opinion, is normal. But SELLING oil is something shameful. When America shoves its shale gas in all the cracks - that's good. And when we offer cheap gas, it’s bad.

            Here it is clear who the liberals are working for. Let's close all the valves tomorrow - the liberals will be happy - Russia will cease to be a "world gas station". And how happy America will be to become this "gas station" is simply impossible to convey.

            And yes, I will calm the liberal cries right away. If America does not have enough of its own oil, it will take it from the Saudis - few will argue that America has long been managing Saudi oil as its own. I would like ours too - but it doesn’t grow together somehow ...
    2. Mitroha
      Mitroha 27 March 2020 10: 13 New
      -4
      Before, I don’t know now, after the fire, the whole village rebuilt the house quickly. Imagine figuratively, now a quarter of the village will try to sell you material, a quarter will give advice, a third quarter will yell that it’s not worth it and start, it still won’t work. A group of people will take over the general leadership. And only the remaining small number of people will actually build.
      So maybe it’s enough to look for those guilty of prices, enemies, government, neighbors, the Internet, the galaxy, but you just have to start with yourself? And just work and do your job efficiently, not forgetting to put a shoulder on your neighbor?
      1. Svarog
        Svarog 27 March 2020 10: 31 New
        +6
        Quote: Mitroha
        So maybe it’s enough to look for those guilty of prices, enemies, government, neighbors, the Internet, the galaxy, but you just have to start with yourself? And just work and do your job efficiently, not forgetting to put a shoulder on your neighbor?

        Well, try to take out a loan on your own for equipment for production, despite the fact that all the equipment is imported and sold for bucks .. and the bucks are only getting more expensive .. and count when it will pay off .. or you are a great sniper, but in your hands it’s good you also will not be ..
        You understand, without the participation of the state, nothing will happen on its own .. It's about the same as if the plane itself gathered .. And nothing depends on your activity, abilities .. If you are a good boxer, but you have to fight in armor knight, then you are doomed ..
        The state should develop a plan for the development of industries, allocate money for them, create conditions for a competitive product of an enterprise ... etc. This is a huge set of measures where every detail is important and if a flaw occurs in this chain or sabotage or sloppiness, then the whole chain collapses. For this reason, it is on public policy that I assign responsibility that is not effective .. and not effective, because of the narrow-mindedness, irresponsibility, theft, nepotism and sloppiness ..
        1. Machito
          Machito 27 March 2020 12: 14 New
          +7
          On your own, you can sow a garden, plant cattle, pick up mushrooms and berries with firewood. Moonshine weld. Natural economy. Return to the primitive communal system. No, you can’t. The official will come to collect taxes. And if there are a lot of such people, the Duma will legalize taxes on mushrooms, berries, fishing, firewood, then on the list.
          But how you and your friends make a computer yourself, I would like to see. However, Nanochubais has already shown.
        2. Vadim237
          Vadim237 27 March 2020 13: 01 New
          -5
          I took the equipment twice - both domestic and German CNC machines - I don't have any problems, just find and train people, but they coped with it very well. And this is your "Try to take" says that you never did your business and did not even try to continue to sit on the fifth point and whine every day for any reason.
          1. Fan-fan
            Fan-fan 27 March 2020 15: 27 New
            +5
            never did their own thing.
            And most do not need to do their own thing. Since most of them are doctors, nurses, teachers, janitors and other bakers, turners. So the question is, who will provide them with a decent life?
            1. Vadim237
              Vadim237 27 March 2020 15: 38 New
              -3
              Sitting in one profession until old age is a sure way to depression, apathy, and sliding into chronic poverty.
              1. Fan-fan
                Fan-fan 27 March 2020 15: 41 New
                +4
                But what can you say about the dynasties of doctors, the military, etc. And what is wrong with doing your favorite thing all your life?
    3. Gene84
      Gene84 27 March 2020 14: 57 New
      16
      Quote: Svarog
      the reason is not oil prices to be sought, but the development of production in Russia

      Albert Einstein
      There is a problem, there is no solution. Everyone knows that. And suddenly someone comes who does not know that there is no solution, and solves the problem! wink
      1. Fat
        Fat 27 March 2020 16: 36 New
        +2
        Quote: Gene84
        Albert Einstein
        There is a problem, there is no solution. Everyone knows that. And suddenly someone comes who does not know that there is no solution, and solves the problem!

        - this problem, in principle, has no solution!
        - thanks, we know.
        - why then suffer?
        - And what interest is it in solving a problem that, in principle, has a solution?
        From the dialogues of Cristobal Junta.
    4. The comment was deleted.
  3. The leader of the Redskins
    The leader of the Redskins 27 March 2020 10: 00 New
    +8
    Ek Kharaluzhny broke through by the end of the week ... He wrote about the armor and the price of oil ... Both the reader and the reaper are straight ... The conclusion was especially "pleased". WAIT!
    Well, I'll wait for new articles from the "jack of all trades" ..
    1. Fan-fan
      Fan-fan 27 March 2020 15: 31 New
      +1
      Everything is clear with Kharaluzhny - he wrote another article in defense of those in power. And the conclusion was - to sit quietly, quietly and most importantly, wait and hope for the best. Although we have been waiting for 20 years, the situation is either on the spot or worsening, which is more often the case.
  4. apro
    apro 27 March 2020 10: 20 New
    +1
    Having straddled the price of oil, Americans skillfully use this product to achieve their goals ... price in talers. Quotes on Western exchanges.
    1. Vadim237
      Vadim237 27 March 2020 13: 07 New
      -3
      Their shale has already become the most risky type of investment - in which more than 400 billion were swollen and there is no return at all, and now there are still problems with stucanul production, but the deposits have simply begun to deplete.
      1. Gene84
        Gene84 27 March 2020 15: 28 New
        13
        The forecast of the International Energy Agency World Energy Outlook says that by 2025 the United States will be ahead of Russia in the field of oil and gas production.
        According to experts, shale gas will be a winning "hobbyhorse" for the United States.
        The calculations of the energy agency mark the broad horizons of the American fuel and energy complex - by 2030 it will give the United States nearly 85% growth in world oil production, as well as at least 30% increase in gas production.
        In July 2019, the International Energy Agency predicted a forecast, according to which, in 2020, the global oil market will be almost paralyzed by an oversupply. And as we see, while the forecast comes true.
        Igor Sechin last year paid tribute to the US economic influence on world energy processes, specifying that if earlier three "regulators" - Russia, Saudi Arabia and the United States - made themselves known, now there is only one regulator on the world market - the United States. And this, according to Sechin, "must be taken for granted."
        Something like this ... And you say
        Quote: Vadim237
        mining problems stukanulo just deposits began to dwindle
        1. Vadim237
          Vadim237 27 March 2020 15: 40 New
          +1
          I generally mean the production of shale oil.
      2. Fan-fan
        Fan-fan 27 March 2020 15: 32 New
        +1
        and no return at all

        How no? They seem to come to first place in the world in oil production.
        1. Vadim237
          Vadim237 27 March 2020 15: 42 New
          0
          They left then they left - but there is no return at current prices below 50 bucks per barrel.
          1. Fan-fan
            Fan-fan 27 March 2020 15: 43 New
            +1
            Well, such low prices do not always rise again.
    2. knn54
      knn54 27 March 2020 13: 50 New
      -1
      It seems that OPEC will no longer be able to dictate oil prices.
      For instance. 6 years ago, the US Federal Reserve sharply raised interest rates, which led to a sharp appreciation of the dollar. Rising rates led to the outflow of speculative capital from the stock exchange oil market, which led to a drop in its price.
      We add here shale oil, the interest in the production of which is shown by more and more countries, including China.
      Plus "green", environmentalists.
      1. Vadim237
        Vadim237 27 March 2020 15: 30 New
        0
        It is no longer profitable to invest in its prey.
  5. iouris
    iouris 27 March 2020 11: 05 New
    +3
    Well. And where are the graphs?
    1. BREAKTHROUGH READY
      BREAKTHROUGH READY 27 March 2020 13: 33 New
      +4
      graphics are so-so, therefore, they are not in the article
      1. iouris
        iouris 27 March 2020 14: 04 New
        0
        Where is the year 1973?
  6. rosomaha
    rosomaha 27 March 2020 11: 48 New
    +3
    I repeat again - Granovsky and Kharaluzhny, what are the only authors on the site? In each section, every day for several articles. For this can not be called an article. There is no volume of material, no analytics and depth of the described material - that’s how information was taken from Wikipedia ... and u, author. I generally prohibit articles less than 3 pages and with superficial knowledge of the material. Better to have 1 article per week, but noteworthy. And the fact that they write - you can write in comments, as your opinion / vision of the situation. Well, as long as you can!
    1. BREAKTHROUGH READY
      BREAKTHROUGH READY 27 March 2020 13: 37 New
      0
      If you introduce restrictions on volume, then all the articles will become similar to the “work” of Kiril Ryabov with retelling of the same ten times and transfusion of water.
      If you introduce a limit on the number of article postings, then the authors will simply upload articles from different accounts under different pseudonyms.
  7. 16112014nk
    16112014nk 27 March 2020 13: 22 New
    +4
    ... a new rise will inevitably come. Including for oil markets
    Quote: Bearded
    oil is getting cheaper, and gas is getting more expensive.

    The situation, of course, will inevitably change:
    1. BREAKTHROUGH READY
      BREAKTHROUGH READY 27 March 2020 13: 41 New
      -7
      And all because domestic prices are lower than world prices and are kept artificially. Until it evens out, the cost of the fuel will creep up, if only there was a reason.
      1. 16112014nk
        16112014nk 27 March 2020 13: 53 New
        +4
        Quote: READY FOR BREAKTHROUGH
        Until it evens out, with

        Salaries and pensions seem to have leveled off, and have been creeping down for 6 years now.
        1. BREAKTHROUGH READY
          BREAKTHROUGH READY 27 March 2020 13: 56 New
          -5
          Prices will rise - salaries will increase, but the margin and income of businessmen will fall.
          1. Dude
            Dude 27 March 2020 14: 06 New
            +3
            Quote: BREAKTHROUGH READY
            Prices will rise - salaries will rise too, but business margins and profits will fall.

            Do you yourself believe in what you said, or is it such a subtle irony? wink
            1. BREAKTHROUGH READY
              BREAKTHROUGH READY 27 March 2020 14: 25 New
              -1
              In the realm of knowledge, faith is not needed.
              If law enforcement agencies will conscientiously serve, then everything will be as I wrote in the comment.
              1. Dude
                Dude 27 March 2020 16: 56 New
                0
                If law enforcement agencies will conscientiously serve, then everything will be as I wrote in the comment.
                So, after all, it was an irony)))
          2. 16112014nk
            16112014nk 27 March 2020 14: 15 New
            +1
            Quote: READY FOR BREAKTHROUGH
            Prices will rise - so will salaries

            In my head, as they say, cognitive dissonance occurs. request
            1. BREAKTHROUGH READY
              BREAKTHROUGH READY 27 March 2020 14: 27 New
              -2
              What exactly causes you misunderstanding?
  8. Avior
    Avior 27 March 2020 13: 42 New
    +4
    . We can talk about any oil pricing as such starting from the 70s of the twentieth century. That is, from the collapse of the monopoly on the extraction and sale of energy from the notorious "Seven Sisters" (the largest multinational corporations, which until then fully controlled the industry and the market), as well as the emergence of the Organization of Petroleum Exporting Countries (OPEC).

    And the author himself writes that since 1973 prices have risen, a typical sign of the emergence of a monopoly
    In general, here is a schedule of price changes, it would be necessary to bring in the article, in my opinion
  9. honest people
    honest people 27 March 2020 15: 22 New
    +5
    Quote: apro
    Having straddled the price of oil, Americans skillfully use this product to achieve their goals ... price in talers. Quotes on Western exchanges.

    Oil cheaper blame the Americans!
    Oil rises, Americans are to blame!
  10. honest people
    honest people 27 March 2020 15: 48 New
    -1
    Quote: Vadim237
    Their shale has already become the most risky type of investment - in which more than 400 billion were swollen and there is no return at all, and now there are still problems with stucanul production, but the deposits have simply begun to deplete.

    About the Shale End Caster Sect tongue
    Manuals require adjustment


    1. The comment was deleted.
  11. rosomaha
    rosomaha 27 March 2020 16: 57 New
    0
    Quote: READY FOR BREAKTHROUGH
    If you introduce restrictions

    in this case, let every admin read articles and filter out articles with similar or repeating material
  12. honest people
    honest people 27 March 2020 18: 29 New
    +1
    Quote: Vadim237
    I, unlike all of you here, put oil and gas prices up and down for the most part, I don’t need to know what’s going on with shale right now. they will even download previous investments and 30 percent of the shale has not paid back and will not pay back for investors it is now a black hole.

    Kremlebot do you really want to convince me of this? wassat
  13. Operator
    Operator 27 March 2020 18: 44 New
    -4
    There is a price war on the oil market on three fronts - the USA, Russia and KSA. So far, the US is losing because of the loss of production at current oil prices.
  14. Fishery
    Fishery 29 March 2020 10: 28 New
    0
    Rosneft will stop its work in Venezuela and sell assets related to activities in this country, the Russian oil and gas company said.