Oil prices went down again: experts explained everything again

After several days of growth, the price of oil went down again. If in a week a barrel of Brent “black gold” was trading above the $ 43 mark, now it has again fallen below the psychological mark of $ 40. At the moment, the price is in the range of 39-39,5 units of the American currency.

Immediately there were experts who “explained everything”. Moreover, these are the same people who even 2-3 days ago explained why oil prices were rising and "could soon cross the bar at $ 45."

What is the explanation today?

It is stated that oil went down on Thursday June 11 in connection with a "record increase in US oil reserves and Fed forecasts." This forecast suggests that the US economy may shrink by 6,5 percent this year. This is an unprecedented figure for all recent years.

It is important to note that the American oil brand WTI (West Texas Intermediate) fell in price more than others against this background. The fall was more than 4%.

Experts note that "the risks of lower demand have affected the interest in oil purchases." In addition, a negative effect on oil prices was added by the fact that the US “suddenly discovered” crude oil reserves that grew by 5,7 million barrels per week. This was due to increased volumes of hydrocarbon imports at the time when “Saudi Arabia flooded the market with cheap oil - in March 2020”. Why, then, are they talking about increased reserves only now?

Another reason is called for the fall in oil prices. Forecasters in the United States said that unemployment in the United States in 2020 will reach a record of recent years - 9,3 percent. And this will affect economic performance not only in the United States, but also throughout the world.

Comments

[Svarog]

Immediately there were experts who “explained everything”. Moreover, these are the same people who even 2-3 days ago explained why oil prices were rising and "could soon cross the bar at $ 45."

These experts will explain everything .. They just get money for being sick .. I used to listen to "news 24" there, as my wife calls them, the oak-sorcerers give economic forecasts .. so not one has come true .. But such pompous and self-confident ..

[SRC P-15]

It is important to note that the American oil brand WTI (West Texas Intermediate) fell in price more than others against this background. The fall was more than 4%.

And there was nothing for mattresses to buy even cheaper oil! So they played out, clogging up with oil to the eyeballs: even their own oil is not needed there. I can imagine how the remaining shale companies were sent to the USA!

[The leader of the Redskins]

It is interesting to see how these experts would justify themselves if they included past forecasts directly in the studio. Or they simply state the facts:
"... So I stepped into something soft, with an unpleasant smell. Apparently someone left it here, but I'm sure that after walking two kilometers, especially if on the grass, I will get rid of the smell, and the appearance will become almost the same ... "

[Grandfather]

Oil prices went down again: experts explained everything again

[venik]

Quote: Svarog

Earlier I listened to "Vesti 24" there, as my wife calls them, the oak sorcerers give economic forecasts .. so not one has come true ..

=======
I remembered the "bearded" anecdote:
"... Putin is citing the leadership of the Hydrometeorological Center:
- What is your probability of correct forecasts?
- 45%!
- Well, what, you need to "chew" everything? Can't you guess? Say everything exactly the opposite and it will be 55%! ..."
-------

Quote: Svarog

These experts will explain everything ..

========
So they are needed for this, to regularly and very reasonably explain why their previous forecasts did not come true!

[Uralec]

Nothing, for Russia it is useful, as well as sanctions .. And then I remember in the 90s, some "reformers" declared directly "Why produce and create something when you can buy abroad .." They bought up, almost destroyed Russia.

[Svarog]

Quote: Uralec

Nothing, for Russia it is useful, as well as sanctions

There is nothing useful in this. They cannot earn money on us, except on oil and gas .. and accordingly the population will suffer from this, which has already become poorer for the last 6 years ..

[Brancodd]

What part do you belong to? To those who cannot earn on anything other than oil and gas? Or to the "suffering people"?

[Uralec]

Quote: Svarog

There is nothing useful in this. They cannot earn money on us, except on oil and gas .. and accordingly the population will suffer from this, which has already become poorer for the last 6 years ..

But what about the export of wheat and other agricultural products .. About this "our media" do not particularly like to write The collapse of oil prices and that the Russian economy did not collapse ..
Of course, the seisas will be hounded here, for such insolence, but still you hate Russia too much to write like that .. "Sincerely!"

[Svarog]

Quote: Uralec

Of course, now seisas will hunt me down for such insolence

Who will hound you and what is your impudence?

"Our mass media" don't particularly like to write about this. There was a collapse in oil prices and that the Russian economy did not collapse.

Citizens' incomes have collapsed since 2014 .. and continue to fall. Unemployment and mortality increased.
And so that it would finally collapse, it would take oil below $ 40 to last a year .. then the scribe will come quickly .. now it is slowly advancing and it seems to you that everything is normal.

But what about the export of wheat and other agricultural products

You forgot to indicate more timber to China .. well, natural resources are mercilessly exported .. this is a fact, but there is no high added value, which means there is not much income from it, and it doesn’t fall into the pocket of citizens ..

oh still you hate Russia too much

I love Russia, but I am annoyed by those who are in power now .. and are not yet smart people who do not see facts, but "love with their ears" .. love with their ears is something like a woman's .. let's look at the facts ..
The population is falling year by year, citizens' incomes are also not growing, production, engineering, science, education, medicine .. everything is deep ...
You have a strange love for Russia, if such a state of affairs suits you ..

[Uralec]

Quote: Svarog

Who will hound you and what is your impudence?

Already see the result of my insolence ...

Quote: Gardamir

they sell high-quality grain, people who they consider livestock leave feed grain.

Also the same as you ...
How much anger do you have against Russia? To write this and humiliate us .. Oh you
Here are some more "worried about Russia"

Quote: Silvestr

selling abroad is profitable. And at home what?
In Russia, it was banned to sell bread from flour for animal feed. It turns out we ate just that!

How many of you are here? The three of you can clean the site

[Gardamir]

wheat export

they sell high-quality grain, people who they consider livestock leave feed grain.

[New Year day]

Quote: Uralec

But what about the export of wheat and other agricultural products ..

selling abroad is profitable. And at home what?
In Russia, it was banned to sell bread from flour for animal feed. It turns out we ate just that!
https://www.gastronom.ru/text/vstupili-v-silu-novye-gosty-na-hleb-1011734

[Lexus]

In Russia, it was banned to sell bread from flour for animal feed. It turns out we ate just that!

Barge haulers are not included in the galley team! Their norm of contentment is "sama".

[Cristall]

Quote: Uralec

But what about the export of wheat and other agricultural products .. About this "our media" do not particularly like to write

Why so?
The success of the agro-industrial complex in each iron was and is.
But if, let’s say, starting from

Oil and oil products accounted for almost half of the total value of Russian exports last year - 188,3 billion out of 424,6 billion dollars.
According to the FCS, the most dynamic articles of Russian non-hydrocarbon exports were vegetable oil (the value of this export grew by 46,6% to $ 2,2 billion), iron ores and concentrates (plus 30,8%, only $ 2,1 billion ), potash fertilizers (plus 15%; $ 2,3 billion), cars (23,6%; $ 1,6 billion). Also, electricity exports significantly increased, an increase of 12,1% to $ 911 million.
Last year, the total export value of Russian fertilizers (potash, nitrogen and complex) reached $ 8,4 billion.

But grain quotas can worsen the situation in exports.
Fuel is almost half the export and difficult to replace.

[Courier]

The economy of Saudi Arabia also did not collapse due to a collapse in oil prices.
Does this mean that the Saudis are not dependent on oil?
Think about it.

[Piramidon]

Quote: Svarog

They cannot earn money on us, except on oil and gas.

Have you personally seen this or are you retelling someone’s speculation?
https://masterok.livejournal.com/2002800.html

[Svarog]

Quote: Piramidon

Have you personally seen this or are you retelling someone’s speculation?

Look at yourself, everything from the underpants to the telephone is imported .. Even toothpaste with a brush is not our production, the car you drive is also very likely imported, even if it’s our fret .. which is half French ..
As for the link .. you yourself read something that you threw off?
Russia exports financial services, freight transportation, space technology, aviation design .. Aren't you funny yourself?

[Grandfather]

Quote: Silvestr

In Russia, it was banned to sell bread from flour for animal feed. It turns out we ate just that!

call bread bread-tongue does not turn. throw in trash without remorse.

[Sergey Averchenkov]

Well, it's you in vain ... Although maybe it just isn't there? Of conscience?

[WIKI]

Quote: Svarog

Look at yourself, everything from the underpants to the phone is imported ..

"The Russian economy is" fierce ", says Yakov Mirkin, head of the capital markets department of IMEMO RAN. For 146 million people in 11 months of last year, the country produced 744 baby carriages, one skirt for 26 women, one pair of socks per person, one electric kettle for 500 seconds more families and 3-4 dollars of computers per capita, Mirkin cites statistics. https://www.finanz.ru/novosti/aktsii/syrevaya-zavisimost-rossiyskoy-ekonomiki-pobila-rekord-nachala-2000kh-1028910994

[iouris]

Let us explain who has the right to be called an expert (without fools): this is a specialist with specialized education, practical experience, who has undergone special training and is certified as an expert by the expert community. The expert is obliged to regularly conduct examinations. In case of justified doubts in the expert qualification, he is excluded from the expert community. In the Russian Federation, as a result of negative selection, the qualification level of specialists has sharply decreased, and there are practically no experts, so either appointed commissars or impostors act as experts.

[mitroha]

Only what does the Russian Federation have to do with it, "experts" all over the world point their fingers at the sky, including respected offices, according to the forecasts of which investments are being built

[credo]

Information about the price of oil for a simple consumer of fuel, feeding them their swallow, like a weather forecast - hears everything, but can not do anything. Everything is in the hands of a handful of the powerful of this world, enriched by other inhabitants of the planet.

[Keyser soze]

Everything is in the hands of a handful of the powerful of this world, enriched by other inhabitants of the planet.

I completely agree. And so it is around the world. Corporations tear us mercilessly.

[Liam]

Quote: Keyser Soze

Everything is in the hands of a handful of the powerful of this world, enriched by other inhabitants of the planet.

I completely agree. And so it is around the world. Corporations tear us mercilessly.

Has the standard of living in Bulgaria dropped or increased over the past 30 years?

[Keyser soze]

Has the standard of living in Bulgaria dropped or increased over the past 30 years?

Yes, it has grown, but this does not mean that corporations do not steal, and the oligarchy and politicians do not profit from my payments to the budget, including through gasoline, electricity, etc. expenses.

So the colleague is right that falling or rising is not very important for the average layman ...

[Liam]

Quote: Keyser Soze

Yes grown

You are in conflict. Since Bulgaria came under the oppression of Corporations, the level of people's well-being is growing. And this is a fact, and the rest is boltology. It may be difficult to understand, but people's living standards and corporate wealth are interconnected. They either grow together or fall again but together. Without rich corporations there will not be many highly paid jobs, and corporations will not have a profit from a poor population. This is incomprehensible only to the troglodytes fixated on the delusions of class wars.

[Keyser soze]

You are in conflict. Since Bulgaria fell under the oppression of Corporations, the level of people's well-being has been growing.

I will not argue. Today, Business Insider has an article that only 25% of Americans believe that capitalism is fair to society. A respected professor from Harvard also wrote about this. So something needs to be changed - the poor are becoming poorer, and the rich are getting richer and this is including the developed Western world. Statistics say that the average class in the USA is getting smaller; its income has not increased over the past 30 years. And in Bulgaria, wealth is growing because it has gone up from a very low level. GDP and everything else will grow, even in 2020, because the level is low for the EU and the economy does not slow down the crisis, but salaries will increase, and factories will open, because it’s just a low salary and it’s profitable to open a plant in Bulgaria, Poland, Romania, not in France, Germany or Belgium.

How do you like Eln Musk?

[Liam]

Quote: Keyser Soze

I will not argue

It's hard to argue with reality. If a sane person)

Quote: Keyser Soze

Today, Business Insider has an article that only 25% of Americans believe that capitalism is fair to society.

Many forms of government have been tested and will be tested in this world of sins and sufferings. No one claims that democracy is perfect or omniscient. In fact, we can say that she is the worst form of government, except for all the others that have been tested over time.
Replace the word Democracy with Capitalism and it will be the same

Quote: Keyser Soze

went up from a very low level

Without corporations-low level. And with corporations-went up your own words.

Quote: Keyser Soze

How do you like Eln Musk?

You began to dress better ...
Svetlana Igorevna Kuritsyna, also known as “Sveta iz Ivanova”

[aviator6768]

who it ? In Bulgaria, the soul is 289 US dollars, in Russia - 177 .... I don’t need blah blah (tell your wife, believe, probably, since I got married ...) ...

[iouris]

Quote: Keyser Soze

Corporations tear us mercilessly.

That's just what they need us for.

[parusnik]

Well, how many cars were burned during the unrest in the USA ... and it fell ..

[Uralec]

Quote: parusnik

Well, how many cars were burned during the unrest in the USA ... and it fell ..

Good pick up!
And in something you are right ..

[Keyser soze]

Well, yes, everywhere economic indicators go down and business activity falls. In the third quarter, a bad collapse is predicted for both Shchat and European economies. Against this background, Greece announced a subsidy of 100 million euros for the purchase of electric wheelbarrows, and Germany announced a 6-9000 euro subsidy for each purchased electric car.
This is certainly not a factor, but it shows a trend ...

[Gennady Korsunov]

While at the helm of a woodpecker we are dolbyotyatly !!! And if you want to remove the woodpecker then you are extremists !!!!

[iouris]

You cannot want: you do not have a Wishlist. And the steering wheel is somewhere in Washington. First you need to do something there.

[rocket757]

How can one predict and expect that forecasts will come true when such humpty dumpty is happening all over the world ???

[evgen1221]

It’s interesting, why is it so important for all these brokers around the world that the percentage of unemployed is in the states and not in the country where the particular exchange is located? And then insanity regularly, in the United States, the percentage of unemployed has risen, to Singapore or we have people firing from work.

[Avior]

In the 21st century, the problem of forecasts from experts should be solved simply - there should be an expert base in the expert community, and the data from it after the date of the forecast should be displayed in a visual form
Expert level will be immediately visible

[Cristall]

Quote: Avior

Expert level will be immediately visible

first you need to provide expert data. Who, and where, whose interests represents.
"Some abstract experts" are good because they incognito form public opinion without being responsible for their forecasts. Which are no better than a brick weather forecast.
Surname, name, position. Origin and place of work.
Then we can remember those who lie, who often make mistakes, and those who try to analyze.
Analysts with the gift of divination do not chat publicly.

[123456789]

Oil prices went down again: experts explained everything again

The invisible hand of the market

[Oleg Zorin]

Predict, do not predict ... and in the end you will come to the realization that the problem will be solved only when one of the least viable producers cannot withstand the competition. It cannot be otherwise - it is impossible for everyone to agree to limit production and remove the "overhang" of excess oil. Moreover, so that no one feels left out. As for Trump, all of his activity does not go out and will not go beyond Twitter. He does not have the ability to regulate his oil production, much less Mexican

[Boris ⁣ Shaver]

And the purchase prices for gasoline again went up. They (these prices) do not care how much oil costs, in our country gasoline, it seems that they do not make oil at all.

[Mikhail m]

“If we look at the structure of the cost of one liter of AI-95 in retail, we find that 3/4 of the cost (about 72%) is formed by the state excise tax, VAT and mineral extraction tax (mineral extraction tax) included in it, - argues analyst at Alor Group Alexei Antonov. - We also deduct the expenses of oil refineries (refineries) for refining, transportation, logistics, profit of traders and operators of gas stations. As a result, it turns out that the cost of raw materials, depending on current quotes, since 2019 does not exceed 7%. ”
We make gasoline for the most part from taxes.

[Boris ⁣ Shaver]

Quote: Mikhail M

We make gasoline for the most part from taxes

We are talking about price dynamics. What additional tax do you introduce them yesterday so that their selling prices so sharply exceed? That's right - no one was introduced yesterday. Workforce has risen in price? No, I think. Raw material? There remains raw materials - but oil is getting cheaper, so our benz is by no means from oil.