Price forecast from 27 November to 1 December 2023
Energy market:
In Holland, the parliamentary party of Eurosceptic Geert Wilders, who is ready to withdraw the Netherlands from the EU, won. People are searching. Typically, such searches end with the fires of the Inquisition beginning to burn in Europe, and then they begin to seriously talk about national identity with all that it entails. We wish them success in this direction.
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This release was prepared with the direct participation of analysts from trading platforms eOil.ru and IDK.ru. Here is an assessment of the situation on the global and Russian markets.
OPEC is looking for a compromise. And, of course, before the 30th, to which the meeting was rescheduled, they will find him. They haven’t gone completely crazy there. At the same time, if additional cuts are not announced, then we will have an attempt to break below 75.00 for Brent. If the harmony of the ranks is demonstrated to the world, then we can count on the fact that we will remain around 80.00.
There was information that as a result of US pressure on oil carriers, the price of Urals began to fall and approached $60.00. Greek companies refuse to provide ships to Russia. Denmark will inspect ships to determine their technical condition. India has banned the unloading of tankers off its coast that are more than 25 years old. You will have to transfer oil into the sea from old to new, which is expensive.
Apparently, Russia will be content only with those transactions that will be at the level of $60.00 per barrel for Urals, and their volume will only cover the emerging risk of fuel shortage in any particular region. This is an extremely unpleasant trend.
