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1. Introduction
Les pays exportateurs de pétrole se sont réunis ce dimanche 17 avril en vue d’endiguer la chute des prix du baril. Était en autre présent à ce sommet, les pays membres de L'OPEP, la Russie mais l'Iran et la Libye ont décliné l'invitation. L'objectif de la réunion visait à trouver un accord en vu d'ajuster l'offre de pétrole à la demande actuelle du marché afin de soutenir les cours du brut.
Pour certains, il s'agit là d'un besoin impérieux en ce sens qu'un prix du Baril bas trop longtemps met leur économie en danger. C'est le cas pour le Venezuela dont l'économie tient quasi exclusivement à l'exportation de pétrole et dont les coûts d'extraction et de raffinage sont plus élevés mais également de la Russie qui doit faire face aux sanctions économiques et à un rouble faible.
En janvier 2016, le Brent a atteint un plus bas à 27$ avec une moyenne à 30,6$. Les prix ont certes remonté à 44$, soit un gain de 50% par rapport au plus bas mais restent inférieur de 30% par rapport à la moyenne de 2015 et bien loin des sommets à plus de 120$ de 2012.
Le niveau faible des prix s'explique par l'excédent de l'offre sur le marché qui ne s'est pas adapté au ralentissement de l'écono…
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Natalia_Kisenko avatar

very good article!

SvetLena avatar
SvetLena 25 Apr.


hrustiashka avatar

Good article!

JuliannaS avatar

Every time, well done article

Faster avatar
Faster 29 May


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An oil production freezing deal will be discussed on April 17th in Doha, Qatar.
Oil producing countries intend to freeze production without Iran’s support, who refuses to freeze or cut its output after years of sanctions.
The current global production is achieving record highs, prompting analysts to argue that an output freeze deal might not have a real impact in the oil market. International Energy Agency data’s (chart 1 & chart 2) points to an average production excess in 2015’s 4th quarter of 2 million barrels per day.
Eva Sjekelova [1] reporting Neil Atkinson, a senior executive at the International Energy Agency:
A freeze on production is perhaps rather meaningless. It's more some kind of gesture which perhaps is aimed
... to build confidence that there will be stability in oil prices.

Oil prices have been rebounding lately from January’s lows, relying almost on production freezing intentions. A dovish Fed, a weaker dollar and tiny recovery signals from China have boosted the process. Myra P. Saefong and Jenny W. Hsu [2] on China's oil consumption:
In February, China’s crude imports rose nearly 25% on-year to 31.8 million metric tons, equivalent to roughly 8
million barrels a day
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fx_lmcap avatar
fx_lmcap 18 Apr.


Mariia avatar
Mariia 21 Apr.

Interesting information

wisdom_consultant avatar

well written!

rajib217 avatar
rajib217 23 Apr.

Nice explanation

fxsurprise8 avatar

oil looks a bit high here

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The recent fall in oil prices is causing a downturn in stock markets all over the world.
Oil companies facing negative balance sheets are being pushed into labour force cuts and to delay future investments.
Times are also though for US shale oil producers. They have once deposited hopes that Saudi Arabia could bring some balance to the market. After the latest “freezing” negotiation developments, their last hopes might have completely vanished. Reporting Ellen R. Wald, [1] Modern Trader Magazine columnist:
Saudi Arabia can produce a barrel of oil at a cost of about $2. Even the best shale producers cannot produce a
barrel of oil for less than $50 a barrel. (...)

OPEC is not coming to bail out the shale oil producers. (...)

Saudi Arabia does not feel their pain (...) [it] may even welcome these minor inconveniences (...) [moving national]
economy towards some diversification.

Times are tough for shale producers and bankruptcies and asset sales are increasing. (...) Any relief producers
thought would come (...)
has not materialized.

OPEC member Saudi Arabia and non-OPEC Russia reached a principle of agreement on February 16th to freeze oil production at January's levels. Joining the Saudi[/moving][/it][/1]…
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wisdom_consultant avatar

very nice article! thank u!

EliasOmar avatar
EliasOmar 22 Mar.

well done bro ..

art_Alena avatar
art_Alena 24 Mar.

very good article!

angelina_may avatar

i like your pictures))

Olkiss70 avatar
Olkiss70 31 Mar.

good article!

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1. Fast-growing oil reserves
US commercial oil reserves have broken all records in the past year. The volume of oil storages in the United States reached a 80-year-old top-level of 490 million barrels. They then declined slightly in the middle of summer, but the end of the year and increased again in December, has already exceeded the figure of 490 million barrels per day. And now, the oil reserves of the United States remains the highest in the world.
2. All of increasing OPEC production
The cartel began to exceed its own quota in November 2014. Since then, OPEC production rose by more than 1 million barrels a day. Production growth was recorded mainly in Iraq (plus 900 thousand. - 1 million barrels per day) and Saudi Arabia (plus 600 thousand barrels per day). The December meeting of OPEC caused a new fall in oil prices. And with the return on Iranian oil market, OPEC production in 2016 will rise further.
3. Slow down the Chinese economy
China has been the main driver of growth in oil demand last decade. But in 2015, China's economy is cracking, GDP growth slowed down, and across Asia began to spread fears of global instability. And then on the stage appeared quietly India. In t…
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al_dcdemo avatar
al_dcdemo 29 Jan.

Useful content, nicely explained and very well written!

tdbatinkov avatar
tdbatinkov 31 Jan.

interesting conclusions

Alisitas avatar
Alisitas 9 Feb.


Sharpshooter avatar

Жаль, что не на русском((

Alivio avatar
Alivio 25 Feb.

нужно учить английский пригодится)

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