The OPEC + Ministerial meeting will nevertheless take place: oil has gone up

It became known about the date of the meeting of OPEC + ministers. It will be in video mode.

The date is April 6th. The purpose of the meeting will be the stabilization of the oil market.

The meeting expects not only OPEC participants, but also representatives of a number of oil-producing countries that are not members of the cartel. The participants will try to adopt a new declaration of cooperation.

On this news the market reacted extremely positively, which resulted in an increase in oil prices. Today it has already reached the level of 33,4 dollars per barrel. Currently, a barrel of Brent crude is trading at $ 32,7.

Of particular optimism is the hope that the conference will bring together a wide range of participants.

Experts believe that the participation of US representatives in the meeting is a positive signal. The likelihood of attending a United States conference is indicated by today's upcoming meeting of Donald Trump with the heads of American oil companies.

The importance of the US presence at the meeting is explained by the fact that Washington is able to convince Saudi Arabia to reduce oil production. Riyadh transparently hinted that they were ready to do this if not only the kingdom, but also other countries, took such a step. In particular, the United States was mentioned.

An increase in oil prices is, of course, beneficial to Moscow, since oil export is an important source of income for the Russian Federation.

Comments

[Doccor18]

Expensive oil is beneficial for almost everyone, except, perhaps, the Chinese.

[Finches]

When I read such news, I always recall Mayakovsky out of place with his proverbial slogan:"Eat pineapples, chew hazel grouses! Your last day comes bourgeois!", I don’t know why ... Probably from fierce envy to Sechenov!

But speaking seriously - well, I don’t believe that in the world of capitalism, everything happens just like that - large hucksters, hiding under state interests and agreeing on a price collapse, will agree on an increase and, if necessary, not only launch a coronavirus, but also arrange a nuclear winter - in order to achieve your personal goals!

[Paranoid50]

Quote: Finches

Probably from fierce envy to Sechenov!

Envy Sechenov physiologist? What did he annoy you with?

[Finches]

And mixed up - Sechin! Soon, the second week of quarantine will begin - I will cease to recognize myself!

[Paranoid50]

Quote: Finches

the second week of quarantine will begin - I’ll stop recognizing myself!

Well, you have to force yourself.

[Old partisan]

Sechin is also never a petroleum philologist translator from Portuguese.

[Finches]

So I envy him - he will take Portuguese, but I will not!

[Old partisan]

Even if Swahili and Afrikanos learn to fuck you and not just one share of Rosneft.

[Finches]

This is called a class approach!

[Ros 56]

So he once ran over a hill with an automatic machine, also his uncle is not an ordinary one.

[Old partisan]

Give everyone who was across the river for Rosneft or Gazprom

[Ros 56]

So shave, I, too, somehow with a beard is not very.

[Piramidon]

Quote: Finches

Soon the second quarantine week will begin

Quarantine extended. What will be towards the end?

[venik]

Quote: Finches

Soon, the second week of quarantine will begin - I will cease to recognize myself!

=======
Eugene! Does this mean: lose weight or vice versa?
Yesterday I talked to my friend (on the phone, of course!) - so he gave the following phrase: "Stunned! It turns out that the best way to deal with this ("fucking") coronavirus is to lie on the couch (belly up)! ".... The conversation ended with the words:"That's it! Happen! Let's go "actively fight"to the coronavirus!"

[Vasyan1971]

Quote: Finches

Eat pineapples, grouse chew!

[Finches]

All the same, sanctions for the Crimea of ​​Russia benefited - many have overestimated a lot and have done something in the economy! Only this way they didn’t have time to get off the oil needle! Militarily, in Syria, the mother showed a little Kuz'kin. And, most importantly, I personally do not have a sense of doom - which I felt, for example, at the end of 1994 ...

[artifact]

Quote: Finches

sanctions for the Crimea of ​​Russia

By the way, American producers of shale oil, having recovered a bit from a crushing blow, began an aggressive lobbying campaign for the imposition of sanctions against Russia and Saudi Arabia,
Source: https://rusvesna.su/news/1585894893
и
They also propose introducing new sanctions against the Russian fuel and energy complex, and for the "good behavior" of Moscow to cancel the existing ones.
Source: https://rusvesna.su/news/1585894893

[antique]

Quote: Finches

All the same, sanctions for the Crimea of ​​Russia benefited - many have overestimated a lot and have done something in the economy!

What exactly have you done in the economy? Has our dependence on oil been reduced or increased over 20 years? Increased. Have you learned how to produce something high-tech? For example, created an automatic line for sewing insoles for shoes or an automatic machine for the manufacture of medical masks? This is a joke of course, but besides promises and fairy tales that are told to us intensely every year, give something concrete as an example. About hypersound and the miracle of a missile bomb.

to?

[Nastia makarova]

break through))))

[Runoway]

Oil in growth, and the dollar to 60r return Herods do you think ?!

[Nastia makarova]

there is no direct correlation, if the economy falls, even 200 oil will not depreciate the ruble

[Runoway]

Well, how is there no direct relationship, in the wake of the oil to 80, the same rate was raised?

[Ross xnumx]

Quote: Finches

hiding in the interests of the state and large collapses in prices, they agreed, and they will agree on an increase and, if necessary, not only launch a coronavirus, but also arrange a nuclear winter - in order to achieve their personal goals!

I can assume that the current Russian economic model has ceased to suit you, or does it mean: “Although this is all right, but am I for Putin’s liberalism?”
On the subject:

The meeting of OPEC + ministers will nevertheless take place: oil went up

It began to cost $ 42. 01 per barrel? What agreement with the Saudis and their ilk, where oil belongs to state-owned companies, can speak (really Novak again?) A representative from Russia, where the state owns 50,001% of oil, and the formation of prices on the domestic market, coupled with excise taxes and “other markups” does not depend on the future results of the agreements, nor on anything else?

Quote: Finches

Probably from fierce envy to Sechenov!

By the way, Sechenov

Ivan Mikhailovich Sechenov (Russian dore. Ivan Mikhailovich Suchenov, 1829-1905) - Russian scientist-naturalist, physiologist, teacher and educator. Corresponding member (1869), honorary member (1904) of the St. Petersburg Academy of Sciences.

and this is just a porter and handler Sechin, appointed to the feeding trough, with his face, as Zhvanetsky, the porter of the Yaroslavl station said:

[Finches]

Putin’s liberalism never suited me, so I’m for giving him the rights of a dictator!

[orionvitt]

Quote: Finches

Well, I do not believe that in the world of capitalism, everything happens just like that

Yes, everything is just there, except for money. But when greed is irrepressible, greed goes wild, and profit is uncontrolled and knows no boundaries, then crises and wars occur. Everything in this world is of course, even money. However, the sharks of capitalism, in the pursuit of endless profit, forget about it.

[knn54]

Expensive oil is not needed either by India or the EU (Norway is not included there) and many more to whom.
“They are ready to do this if not only the kingdom, but also other countries, takes such a step.” In particular, the United States was mentioned.
But this is interesting - the “shale” companies are waiting for an increase. We will take a look.

[Pereira]

Expensive oil is beneficial for almost everyone, except, perhaps, the Chinese.

Our Israeli friend today rejoiced at low gas prices.

[Thrifty]

Yankees wish to save their shale oil! And then the companies that extract it go bankrupt massively, which is a real tragedy for the United States.

[ltc35]

Yes, there’s not much to worry about. It is good for other sectors, because their price of gasoline is tied to oil. Of course, Trump, as president, is obliged to take into account the interests of all citizens, including oil workers. And therefore, it will find a balance for its population, that is, voters.

[Lannan Shi]

Quote: Thrifty

And then the companies that extract it go bankrupt massively, which is a real tragedy for the United States.

Honey, you shouldn't say outright nonsense. About 1.1-1.2 million small and medium enterprises are opened in the us annually. and about 1 million old ones are ruined. And do not delude yourself with the word of the little ones. They have everything a small enterprise that has up to 50 employees, an annual turnover of up to 7 million, and a profit of up to 2 million. It was fashionable to show the opening of such candle factories on ort, accompanied by bravura speeches about bonding. And there are hundreds, every day. An average enterprise, in terms of the number of employees up to 400. By our standards, it is a giant at all. If not at the federal level, then at the regional level for sure. And even if half of a million bankrupts are purely family business, but the second ... Just from 5 to 400 employees. And the "mass" bankruptcy of even slate workers, even slippers, even embroiderers with a cross, for the states, is as common a phenomenon as sunset or dawn for us.

[Ross xnumx]

Quote: Thrifty

which is a real tragedy for the usa.

The tragedy for the United States will be when oil begins to trade for national currencies. If you want oil from Russia, pay rubles, if you want from Venezuela, pay bolivars ...
These speculators underestimated the Russian ruble and all these tricks have long been known. They are known, as are those who are still lobbying for short-term loans ...

[ghby]

Quote: ROSS 42

If you want oil from Russia, pay rubles, if you want from Venezuela, pay

rubles.

[universe1]

Interestingly, if the entire oil infrastructure of the Saudis were unmasked by military means, would the price also go up? That would not be borzoi.
Just a question

[askort154]

Early, early - still need half a year old. But then the "coronavirus" grabbed everyone's throat. Still, Trump managed to put pressure on the judges and on us (as always since the 90s).

[Ivan Kolodin]

I don’t know what simple mathematics will grow in. Look, because of the stoppage of industry, quarantines, since February the global demand has decreased by 16 million, in order to adjust to the new realities OPEC must agree on a reduction, I remind you that in March they couldn’t agree on a reduction of 1.5 million, and now they need 10 times more, the US says that Trump tweeted the SA and the Russian Federation, will reduce production by 10 million, that is, according to his logic, the CA should from 9 million today, reduce to 5, Russia today production of 11 million to reduce to 6 million, that is, doubled. ....
I didn’t take other participants, so it doesn’t affect their reduction; judging by Algeria, I’ve mined 2 million how much it will drop by a couple of hundred, ..... This agreement is possible if the USA, Russia, and the SA jointly throw off production and only that, but the Americans they’re not going to do this; they demand it from OPEC and Russia ....
And what do you think in Russia we are ready to cut the branch on which we sit so tightly ....
I think they won’t decide anything substantial, agree that they will agree .... What can they solve on Skype in vain Trump instilled hope with his inappropriate tweet, now the market will actually speed up the fact of the 6th ...
Thank you for listening to my thoughts ...

[Ross xnumx]

Quote: Ivan Kolodin

Thank you for listening to my thoughts ...

Why not? One can even assume that prices may drop to a minimum. The oil market is oversaturated.

[Cowbra]

It became known about the date of the meeting of OPEC + ministers. It will be in video mode.

Sorry, but the main question is .... WHAT exactly are the countries? OPEC + NO - Russia has left

[Arpad]

Quote: Cowbra

OPEC + NO - Russia has left

Another multi-path.

[kjhg]

An increase in oil prices is, of course, beneficial to Moscow, since oil export is an important source of income for the Russian Federation.

Modestly wrote this: an important source of income. If we take into account that the prices for exported gas are linked to the price of oil, which is still important, it’s crucial! I hope that as a result of this price war, it will still be possible to force the Americans to join the treaty on reducing oil production. This would be a great victory for Russia, Saudi Arabia and other oil-producing countries.

[Lopatov]

Quote: kjhg

Given that the prices of exported gas are linked to the price of oil

Europe actively struggled with this principle and seemed to have won ....

[Vasyan1971]

The date is April 6th.

Quickly, however! It is immediately clear that

It will be in video mode.

Press, apparently ...

[Gennady Fomkin]

American shale oil producers have launched an aggressive lobbying campaign to impose new sanctions against Russia and Saudi Arabia, writes the Financial Times. Finish off! Save the nature of America!

[Boratsagdiev]

The market reacted that the states want to cut back on production, like the Saudis.
But this is only the beginning, the war continues.
The shale lobby in the United States is fighting for new sanctions against Russia.
So much for market relations ...

[Zabvo]

Well, it's bad that oil has started to rise in price again. It would be better if it collapsed completely, so at least we get off the "oil needle".

[Kronos]

All the same, they wouldn’t get down because other branches of such profitable ones weren’t created and it will take a lot of time

[PalSanych]

We have a budget of 22% oil ...

[kjhg]

Quote: ZABVO

It would be better if it collapsed completely, so at least we get off the "oil needle".

It sounds nice - we get off the oil needle. But do you imagine what it would mean at the moment? I think that you still have a poor idea. Here are just some points: the ruble will depreciate several times; this will cause hyperinflation; social, defensive, infrastructure and other expenses within the country will be cut at times; store shelves are empty the state will have nothing to buy products from abroad, tens of millions of people will be thrown into poverty, most banks will go bankrupt, taking with them the deposits of citizens and legal entities, etc. This is only a small part of the ills. About salaries, pensions, child benefits in general I am silent. Of course, the country should remain united, but the shock suffered will be enormous. This is the picture of instantly peeling off an oil needle. This had to be done smoothly, over 20 years of high oil prices, developing production, industry, agricultural, and science. This was constantly talked about by economists. But this time is hopelessly lost.

[Zabvo]

And smoothly, no one will let you get off the needle, rather more densely they will now put on it. Yes, I understand the consequences of a sharp rejection of the petrodollar, but I also understand the fact that no one will ever smoothly give it up. I know about the 90s as was a witness of that era (this is about what you listed).

[Ross xnumx]

It became known about the date of the meeting of OPEC + ministers. It will be in video mode.

Such a meeting is as useful as intimate services via the Internet or by phone ...

[Mountain shooter]

Oil is already 34.5 ... only on rumors ... And I was minus in the last topic, when I just assumed that not everything was lost, and Russia will come out of this "topic" at least not losing ... Well, there are no simple solutions. ..

[Vadim237]

If the budget a month at a price of a barrel of 20 bucks will lose 55 billion rubles, then within six months it will be three hundred billion rubles with a total budget of 20 trillion - losses are insignificant, but it is beneficial for Russia to ruin as many foreign offices as possible for the future replacement of these supplies by our oil and this is tens of billions of dollars; the current drop in prices is compensated with fanfare in the future.

[Gennady Fomkin]

Belarusian oil refineries (refineries) began to conclude contracts for the volume of oil supplies from Russian oil companies (NK) in April, oil prices were at $ 4 per barrel. This was announced to journalists on Friday by the press secretary of the Belarusian state concern Belneftekhim Alexander Tishchenko. Peskov said yesterday: when the price on the world market is $ 4, then Belarus will buy at $ 4. Estimate - how are they having fun at the Belarusian oil refineries? Lukabots have long understood that Lukashenka’s entire cry over oil is an insider from Putin.

[Maalkavianin]

All the same, they bent ours. Could not insist.

[Vadim237]

No one has bent our ours - Saudi Arabia is the initiator of a future meeting, I personally for what it would break like the previous one.

[Kamikaze19]

Can it be that the gross domestic product of the United States will join the OPEC + agreement and reduce production? Otherwise, there will be no sense again

[Gennady Fomkin]

"The Kingdom also invites all OPEC + members to meet urgently for an emergency meeting."

Under the motto "Let's get the USA out of the ass again"

[Gennady Fomkin]

Hey Fed! Throw a heel or two of freshly printed stunts to these freshly dismissed gentlemen! Let them have at least something to wipe the back of

[Gennady Fomkin]

We hope that you personally invest in stocks and bonds of shale companies. Good luck

[Arpad]

Well and good, Leontiev will change his clothes again on the fly and begin to explain how custody + is important for Russia, and there the nightingales and Kiselyov will be connected

[Freemason Mason]

But what about! The funny thing is that if the negotiations fail, the propagandists will have to re-connect the peaks of the shoe retouching skills on the fly and explain why we are right in this situation and defeated everyone

[poquello]

the meeting of ministers is "blablabla", the Saudis are simply losing the war to the Houthis, and at the same time we are running out of money

[sanik2020]

Loot scolded, loot and reconciled.