Military Review

Oil prices went down again: experts explained everything again

46
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.
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  1. Svarog
    Svarog 11 June 2020 16: 01 New
    13
    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’re just getting money for the sickness .. I used to listen to the “news 24” there, as my wife calls them, economic forecasts are given by sorcerer oaks .. it’s not one that came true .. But such pompous and confident ..
    1. SRC P-15
      SRC P-15 11 June 2020 16: 19 New
      -7
      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!
    2. The leader of the Redskins
      The leader of the Redskins 11 June 2020 16: 31 New
      +2
      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 entered into something soft, with an unpleasant odor. Apparently, someone left her here, but I'm sure that after two kilometers, especially if on the grass, I will get rid of the smell, and the appearance will become almost the same ... "
      1. Grandfather
        Grandfather 11 June 2020 18: 48 New
        -1
        Oil prices went down again: experts explained everything again
    3. venik
      venik 11 June 2020 19: 53 New
      +1
      Quote: Svarog
      Previously, I listened to the "news 24" there, as my wife calls them, oak sorcerers give economic forecasts .. so not one came true ..

      =======
      I recalled the "bearded" joke:
      "... Putin is citing the leadership of the Hydrometeorological Center:
      - What is your probability of correct forecasts?
      - 45%!
      - Well, what, do you need to “chew” everything? Can’t you guess? Speak everything with the exact opposite, and it will be 55%! ...
      " laughing
      -------
      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! wassat
  2. Uralec
    Uralec 11 June 2020 16: 03 New
    +2
    Nothing, for Russia it is useful, as well as sanctions .. And I remember in the 90s, some "reformers" declared directly "Why produce and create something when you can buy abroad .." They bought it, they almost ruined Russia.
    1. Svarog
      Svarog 11 June 2020 16: 06 New
      +1
      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 ..
      1. Brancodd
        Brancodd 11 June 2020 16: 16 New
        -12
        What part do you relate to? To those who cannot earn anything except oil and gas? Or to the "suffering people"?
      2. Uralec
        Uralec 11 June 2020 16: 34 New
        -7
        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 in oil prices was and that the Russian economy did not collapse ..
        Of course I am seized by the seisas here, for such impudence, but still you hate Russia too much to write like that .. "Regards!"hi
        1. Svarog
          Svarog 11 June 2020 16: 44 New
          15
          Quote: Uralec
          Of course, now seisas will hunt me down for such insolence

          Who will hound you and what is your impudence?
          “Our media” do not particularly like to write about this. The collapse in oil prices was 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 now in power .. and still not smart people who do not see the facts, but "love with their ears" .. to love with their ears is somehow feminine .. 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 ..
          1. Uralec
            Uralec 11 June 2020 17: 28 New
            -6
            Quote: Svarog
            Who will hound you and what is your impudence?

            Already see the result of my insolence ... hi
            Quote: Gardamir
            they sell high-quality grain, people who they consider livestock leave feed grain.

            Also the same as you ... wink
            How much anger do you have against Russia? To write this and humiliate us .. Oh you negative
            Here are another "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 laughing hi
        2. Gardamir
          Gardamir 11 June 2020 16: 55 New
          12
          wheat export
          they sell high-quality grain, people who they consider livestock leave feed grain.
        3. New
          New Year day 11 June 2020 17: 02 New
          11
          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
          1. Lexus
            Lexus 11 June 2020 19: 29 New
            +3
            In Russia, it was banned to sell bread from flour for animal feed. It turns out we ate just that!

            Burlaki are not part of the galley team! Their rate of satisfaction is "do it yourself."
        4. Cristall
          Cristall 11 June 2020 19: 33 New
          +2
          Quote: Uralec
          But what about the export of wheat and other agricultural products .. About this, our media are not particularly fond of writing

          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.
        5. Courier
          Courier 11 June 2020 21: 10 New
          -1
          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.
      3. Piramidon
        Piramidon 11 June 2020 16: 39 New
        -9
        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
        1. Svarog
          Svarog 11 June 2020 16: 50 New
          12
          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?
          1. Grandfather
            Grandfather 11 June 2020 18: 52 New
            +4
            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.
            1. Sergey Averchenkov
              Sergey Averchenkov 11 June 2020 19: 29 New
              -1
              Well, it's you in vain ... Although maybe it just isn't there? Of conscience?
          2. WIKI
            WIKI 11 June 2020 22: 43 New
            +2
            Quote: Svarog
            Look at yourself, everything from the underpants to the phone is imported ..

            "The Russian economy is" fierce ", ironic at the IMEMO RAS department of capital markets, Jacob Mirkin. For the 146 million people in the last 11 months of the year, 744 baby strollers, one skirt for 26 women, one pair of socks per person, one electric kettle for 500 s were produced "superfluous families and 3-4 dollars of computer technology per capita, Mirkin’s statistics show." https://www.finanz.ru/novosti/aktsii/syrevaya-zavisimost-rossiyskoy-ekonomiki-pobila-rekord-nachala-2000kh-1028910994
  3. iouris
    iouris 11 June 2020 16: 08 New
    +7
    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.
    1. Mitroha
      Mitroha 11 June 2020 16: 39 New
      -2
      But where does the Russian Federation, "experts" all over the world poke their fingers in the sky, including reputable offices, which are projected to build investments
  4. credo
    credo 11 June 2020 16: 09 New
    +5
    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.
    1. Keyser soze
      Keyser soze 11 June 2020 16: 24 New
      +4
      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.
      1. Liam
        Liam 11 June 2020 16: 27 New
        +3
        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?
        1. Keyser soze
          Keyser soze 11 June 2020 16: 36 New
          +1
          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. wink

          So the colleague is right that falling or rising is not very important for the average layman ...
          1. Liam
            Liam 11 June 2020 16: 45 New
            -4
            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.
            1. Keyser soze
              Keyser soze 11 June 2020 18: 17 New
              +4
              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? hi
              1. Liam
                Liam 11 June 2020 18: 30 New
                -4
                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”
              2. aviator6768
                aviator6768 12 June 2020 00: 24 New
                -2
                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 ...) ...
      2. iouris
        iouris 11 June 2020 20: 33 New
        +1
        Quote: Keyser Soze
        Corporations tear us mercilessly.

        That's just what they need us for.
  5. parusnik
    parusnik 11 June 2020 16: 10 New
    +4
    Well, how many cars were burned during the unrest in the USA ... and it fell .. smile
    1. Uralec
      Uralec 11 June 2020 16: 36 New
      0
      Quote: parusnik
      Well, how many cars were burned during the unrest in the USA ... and it fell .. smile

      good laughing Good pick up!
      And in something you are right ..
  6. Keyser soze
    Keyser soze 11 June 2020 16: 20 New
    +2
    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 ...
  7. Gennady Korsunov
    Gennady Korsunov 11 June 2020 16: 42 New
    +6
    While at the helm of a woodpecker we are dolbyotyatly !!! And if you want to remove the woodpecker then you are extremists !!!!
    1. iouris
      iouris 11 June 2020 20: 36 New
      -3
      You cannot want: you do not have a Wishlist. And the steering wheel is somewhere in Washington. First you need to do something there.
  8. rocket757
    rocket757 11 June 2020 16: 46 New
    +1
    How can one predict and expect that forecasts will come true when such humpty dumpty is happening all over the world ??? request
  9. evgen1221
    evgen1221 11 June 2020 16: 50 New
    -1
    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.
  10. Avior
    Avior 11 June 2020 17: 14 New
    0
    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
    1. Cristall
      Cristall 11 June 2020 19: 43 New
      0
      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 brick weather forecasts.
      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.
  11. 123456789
    123456789 11 June 2020 17: 55 New
    0
    Oil prices went down again: experts explained everything again

    The invisible hand of the market
  12. Oleg Zorin
    Oleg Zorin 11 June 2020 20: 31 New
    +1
    Predict, don’t predict ... but in the end you will come to the realization that the problem will be solved only when one of the least viable manufacturers does not stand the competition. It cannot be otherwise - it is impossible for everyone to agree to limit production and remove the "overhang" of excess oil. Yes, so that no one feels left out. As for Trump, all his activity does not go beyond Twitter. He does not have the ability to regulate his oil production, and even more so Mexican
  13. Boris ⁣ Shaver
    Boris ⁣ Shaver 12 June 2020 02: 32 New
    0
    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.
    1. Mikhail m
      Mikhail m 12 June 2020 05: 17 New
      +3
      “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.
      1. Boris ⁣ Shaver
        Boris ⁣ Shaver 12 June 2020 10: 40 New
        0
        Quote: Michael 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.