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Oil is cheaper – Money.bg



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A week after the United States made it clear that he intends to toughen sanctions against oil exports from Iran and support oil prices of Brent crude to $ 75 a barrel today, "black gold" was able to fall to the levels before the threat of Donald Trump, transmits Bloomberg.

On Tuesday, prices fell by 14 cents to $ 71.90 a barrel, while the United States of WTI, the equivalent of $ 63.44 per barrel.

Currently, investors are trying to assess how the Organization of Petroleum Exporting Countries and Russia will meet new sanctions ban all exports from Iran on 2 May.

How will the global oil market of a complete ban on imports from Iran?

How will the global oil market of a complete ban on imports from Iran?

Prices reached a record high after Washington's decision

While the White House claims that manufacturers will make up the shortfall. Syria and the rest of the cartel, but did not intend to increase production in order to reduce prices. For the kingdom of the International Monetary Fund needs to be priced at $ 85 per barrel to balance its budget.

According to BNP Paribas SA, is expected to extend the cartel and Russian deal to limit the production to the end of the year. The meeting will be held in June. However, the expected changes in the agreement, analysts say.

What will it cost the oil above $ 100 a barrel in the global economy?

What will it cost the oil above $ 100 a barrel in the global economy?

About who will be the winners and who will suffer from such a scenario

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