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The pipeline is carried by crude oil at Big Hill near Beaumont, Tekas, US (photo: Joe Raedle / Newsmarkers)
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Global oil prices suddenly receded from a two-week height on Tuesday, after which they discussed further US trading tariffs of President Donald Trup.
Global Proxy Reference Value – Brent – In London, it has seen her terry agreement in London at $ 66.87 per barrel, 2.11% or $ 1.46 decreased. States, at 13:39 and EDT on Tuesday, American West Texas Middle Front Monthly Treaty traded 2.27% or $ 1.47 lower than $ 63.33 per barrel.
The Intradai drop in prices arrived after used raw future in a region of 3% after the decay in talks on the end of the Ukrainian War between the United States and Russia and lower inventions.
Chat Market on American Federal Reserve Mitigate your monetary policy position In favor of the September rate It was also considered to support demand.
However, the price of the utter stopped abruptly and then reversed that Russia will face “very difficult” sanctions if he did not invest its efforts to end the war and opened a direct negotiating channel with Ukraine.
Reports also appear that Ukraine may have knocked out the fifth of Russian capacities via drone attacks, severely reduced Moscow’s ability to serve their war economy.
Toward EuroNewsRecent strikes of Ukraine on ten Russian oil refineries allegedly disrupted at least 17% of the total land refining capacity. It is equivalent to 1.1 million barrels a day.
Ukraine The target campaign is focused on refineries, oil warehouses and military-industrial sites, a pan-European TV network was reported. In this way, Kiev disrupted the ability of Moscow to process and export the oil, he added.
The Ukrainian campaign also created shortages, especially gasoline, in some Russian regions, as well as Crimea in Russia.
In the meantime, during the American threat to impose steep tariffs in India due to the purchase of Russian oil, they also take place on oil seling.
This is in line with the initial publication of the Trump administration of 25% of the India imported under the measures of reciprocal trade, which was later set at a rate of 50%. It was set to take effect from 27. August.
While the negotiations between Washington and New Delhi teaching is expected, any impact on economic activity in India – the third largest consumer of crude oil in the world and China – will probably be rough for the oil market.
New development deepens old concerns
A series of new bears deepened old concerns for demand for crude oil for the rest of 2025. Year, as well as the first quarter of 2026. Years More oil is expected on the world energy market.
Not only is the organization of the exporting countries of oil exports signal that the intention is to pump more oil, in accordance with the American administration of energy information on energy information, entered the national crude production in an Superior high than 13.47 million BPDs In April, breaking the previous record of 13.45 million BPDs in October 2024. years.
Ranks manufacturers who are not an OPEC also reinforce higher exit from Brazil, Canada, Guyana and Norway. Collective, non-brick production growth is likely to increase by 1.4 million BPD, According to the International Energy Agency.
Regardless of the additional OPEC barrels, such levels of non-bricks are more than enough to set for global demand projection for this year expressed various forecasters. These ranges from 0.72 million BPD to 1.3 million BPD, with IEA and OPEC, which are on opposite ends of that range.
With additional oil barrels, which flow from all corners, there are fears that the oil market can end with excess of as much as 500,000 to 600,000 BPD, maybe even more.
Declaration of responsibility: The above comment should encourage discussion based on the authors and analyzes that are offered in personal capacity. It is not a collection, recommendation or investment advice to trade or natural gases, future, options or products. Oil and natural gas markets can be very volatile and opinions in the sector can be changed at the current and without notice.
