Sunday, April 17, 2016

This meeting will decide about the future of oil. “All eyes on Dohę” – TVN24 BiS

In Dauhsze will be held on Sunday talks ws oil producing countries. A possible freeze of production, which would have to balance oil markets and raise prices of raw material. According to Western media it is the most important such meeting in 30 years.
 

“All eyes will be this weekend at the capital of Qatar,” – he writes about meeting CNBC. Russia, which wants to play a leadership role in this group, has invested in this encounter considerable political capital.



The success of Russia

ZR & oacute; DLO: Pixabay (CC0 Public Domain) Petroleum in the US getting cheaper, its stocks higher and higher, and Doha closer

the prices of crude oil on the stock market fuel in New York, falling by 1.5 percent. Inventories su … see more »

Even the prospect of the talks, which will be attended by producers from OPEC (Organization of Petroleum Exporting Countries), as well as countries outside the cartel, captured the raw material prices by 35 percent. – And this is already a success for Russia, because the price at around $ 40 per barrel reaches a state of financial balance, which accumulate financial reserves – said the PAP expert oil market Andrzej Szczęśniak.

In an interview with CNBC Russian finance minister Anton Siłuanow said that Russia does not expect, however, that this agreement will lead to a boost in oil prices. – In a situation where the pace of global growth slows, and manufacturers gather (surplus) of oil there are no grounds to speak of an increase in oil prices – the minister added. Siłuanow also explained that Russia bases its economic forecasts on the assumption that the oil price will remain at the current level near $ 40 per barrel and with such attempts to balance its financial situation.



Shill Bidding

the aim of the negotiations in Doha will be freezing oil at a level that would stop the decline in prices caused by oversupply crisis.

Russia and Saudi Arabia have begun talks on the issue in January. And in March, there have been rumors that Russia wants to create the global oil cartel OPEC that would control 73 percent. oil exports. “Business Insider”, an American portal, called the diplomatic game of Russia “master stroke” consisting in the use of the crisis in the oil markets to create superkartelu, in which the most important would be the quarterback Moscow.

oil prices in the US d & oacute; wit, because its stocks rise before the meeting doshas

the prices of crude oil on the stock market fuel in New York, falling by 0.6 percent. before dan … see more »

The meeting in Qatar would be the closely observed that – as predicted,” Business Insider “- if” Russia manages to build consensus, however small, that it will strengthen its leading position ‘oil states. But according Szczesniak Russia have reached a diplomatic success, becoming the spokesman for a compromise between Saudi Arabia and Iran. Although the Kremlin has failed to bring about what would be even more “prestigious success, or to arrange a meeting eg. In St. Petersburg” – adds the expert.



What do Teheran?

The Saudi prince Mohammed bin Salman as Saud, second in line to the throne, however, said recently that Riyadh does not intend to freeze raw material extraction, if all important oil producers, including Iran, do not decide on such a step. Meanwhile, Tehran announced that the minister is not even going to attend the meeting in Doha; Iran after years of embargo on the export of oil is going to increase production and to recover markets.

“Wall Street Journal” reported that according to Russian representatives OPEC Kremlin hopes to agreement doshas.

A by Szczesniak speech of prince Mohammed is part of the internal political game, which takes place in the Saudi kingdom, a meeting “on 80 per cent. over the agreement.” Russia, however, fails to lead to the “creation of a new OPEC”; Reuters points out even, that the cartel is already inconsistent, and the eve of a meeting in Qatar in many countries brings out record amounts of oil.



This example does not go from Moscow

Portal dedicated to the oil markets OilPrice.com returns note that Russia can not shining example – increased oil production to the highest level in 30 years. Due to the nature of its mining Russia can not be too fast to limit it in such a way as. Saudi Arabia.

ZR & oacute ; DLO: Shutterstock Crude Oil in the United States more expensive by 2.3 percent.

The prices of crude oil on the stock market fuel in New York grow by 2.3 percent. American … see more »

It is also not clear how accurate are these media speculations, which provide that an increase in oil production weakened US Riyadh, the former leader of OPEC, and it is willing to get closer to Moscow even though he was an ally of Washington.

“Forbes” provides, however, that even if the meeting in Doha will prove a failure, the participants will try to present them as a moderate success, not to cause a dramatic fall in oil prices. Moreover, such a fiasco would be a blow to Moscow, which “has invested significant political capital in the play the role of leader and mediator between Iran and Riyadh” – adds “Forbes”.



Is there a chance of success?

Experts bank Societe Generale published his analysis, which estimates that the chances of an agreement to freeze oil “does not exceed 50 percent.”

Anyway, Russia leads master energy diplomacy by engaging in conversation with OPEC – believes Szczęśniak. Experts AP are of the same opinion: in the last week, hopes that the meeting in Qatar will help balance the oil market and to reduce the crisis of oversupply meant that oil, which in January had cost less than $ 30 per barrel, leapt to more than $ 40.

LikeTweet
at

No comments:

Post a Comment