The amount of money that the American president when He and his Russian colleague Vladimir Putin on Monday by telephone contact. They talked about the rising price of oil. That is, it is Monday again fell substantially, to its lowest level since 2002. The coronacrisis will give you a much lower demand for “black gold”.
The price of oil is due to the disagreement between the Russian federation and the kingdom of Saudi Arabia for the past few weeks, much diminished. As well as the American oil industry and, in particular, the schaliebedrijven, it has suffered in the price war between the Russians and the saudis. The schalieproducenten, it is not currently cost-effective to produce oil.
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the fight between the kingdom of Saudi Arabia and Russia, oil is in a short period of time substantially less valuable they become.As well as the American oil industry and, in particular, the schaliebedrijven do not have to suffer from the price war between the Russians and the saudis. The schalieproducenten, it is not currently cost-effective to produce oil.
The Saudi’s, Russia, former ally of the oliekartel OPEC, to agree to any further reduction of the oil production. That would be the price of oil should help explain the coronacrisis below. Since Moscow refused and decided to Riyadh to get the price down and the production to increase to Russia, lower oil prices are putting pressure on.
the Lowest level since may 2002
the fight between the kingdom of Saudi Arabia and Russia in oil in a short period of time substantially less valuable they become.Shortly before noon, Belgian time, the price of a barrel of Noordzeesoort Brent crude for delivery in may on the 22,89 dollars, which is a decrease of 8,18% from the price at the close of trading on Friday. The price was at the market Monday morning, and even while on 22,58 dollar, its lowest level since the end of 2002.
