The situation in the oil market may improve, not before – expert

Photos: Moscow 24/Nikita Simonov

the Russian company will not stop oil production against losses due to her considerable podeshevenie. Such a response option would not be feasible, according to news Agency “national news service” with reference to the expert of the national energy security Fund Igor Yushkov.

the Specialist explained that the oil “is not collapsed to negative values”. This definition is suitable only to the whole problem comprehensively, taking into account the loading and transportation of oil to the consumer.

According to Yushkova, in this situation, the manufacturers will primarily focus on oil refining in the Russian Federation. Thus qualitative changes should be expected only in summer.

“Now for several months is a difficult situation, and only closer to July, I think it will all change… I think by June is expected to increase the demand and the supply decrease,” – said the expert.

He stressed that the supply of oil will decrease as a whole due to long-term shale development in the United States.

as of April 2, the price of Russian oil Urals in Northwest Europe dropped to 10.54 per barrel. Experts predict a domestic fuel loss due to transport costs and duties.

the Problems on the world oil market began after OPEC+ are unable to agree a agreement to reduce oil production. In particular, the agreement refused, Russia and Kazakhstan.

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