The Western media is misleading version of the reasons for the fall in oil prices and the Saudi "ultimatum" to Moscow
In the French edition of La Tribune have decided to explain to their readers why there were problems on the global energy market. The author of the "clarification" made by the journalist Jerome Maren. He slammed the situation in several questions and answers. What are the questions and answers is it?
Question 1: Why the price of oil fell from 64 to 22 dollars per barrel in the short term?
Deeply convinced Mr. Marano, all this happened because of the coronavirus and Russia. I am immediately reminded of the famous speech of Barack Obama, who in his presidency has stated about "three global threats, Ebola, Russia and ISIS (banned in Russia)". Material La Tribune:
The Fall in oil prices is due to the refusal of Russia from the decline in production at the OPEC meeting+. Then there was an immediate response from Saudi Arabia.
It is Strange that the author does not remember about the United States, which initially adhered to the position not to support the reduction of production volumes.
Question 2: Why Russia has refused to reduce oil production?
Jerome Maren:
It is believed that maintaining low prices could deal a death blow to the us shale, fragile sector, to which for profit need the barrel is not cheaper than $ 50.
Question 3: Why it snapped Saudi Arabia?
Author La Tribune reports that the purpose of Riyadh, it turns out, is to "preserve the deal OPEC+".
Question 4: Do Russia and Saudi Arabia to lose?
The Author believes that Saudi Arabia is in a more advantageous position, as the cost of production is 2.8 percent, and in Russia reaches $ 20. The French commentator overlooks an important detail: the price of oil is formed not only from the price of the physical production, but also the price of transportation. And here Russia has significantly more advantages in comparison with Saudi Arabia because of the presence of an extensive pipeline network inside the country and in the export direction. Material:
These manufacturers still won't be able to resist. Both countries have financial reserves, but they are not inexhaustible.
Question 5: Why Riyadh and Moscow will negotiate?
In a French newspaper declared that these negotiations will take place for the reason that Russia and Saudi Arabia is not profitable for a long period of confrontation, which can only aggravate the economic situation in the world. In the end, the author notes that the case involved the President of the United States Donald trump, who is "ready to mediate".
Against this background, there were statements about the alleged Saudi ultimatum to Moscow. The Western media claim that Riyadh allegedly insists that Russia has reduced production volumes more than other participants in the transaction OPEC+. But the ultimatum suggests a "punitive measures" in the event of a failure. If so, then what are "punitive measures" is ready to enter Riyadh: again to increase the volume of production, bringing down the oil, and along with "burning" their own reserves?
Russia for the first time will publish the data of veterans of the Latvian Legion of the SS who are still alive and live in the USA, UK, Canada, Brazil, Australia, Argentina and Latvia. It is reported by RIA Novosti. br>All will b...
Large landing ship (BDK) "Orsk" project 1171, part of the black sea fleet, will be delivered for repair due to breakage of the propulsion system. It is reported TASS citing a source in law enforcement bodies of Crimea. br>Accordin...
Serbia put Pakistan first batch of tanks T-55, modernization of the past at the company Yugoimport SDPR. About it reports the Serbian defence news portal Borbeni Effektiv. br>reportedly, at this stage the Pakistani military has re...
Comments (0)
This article has no comment, be the first!