Brent oil crossed the border of the Creole barrel

This Wednesday the crude West Texas Intermediate (WTI), which is traded on the New York futures market (Nymex), rose 4% to u $ s43.39 el barrel in contracts with delivery in September. While the Brent, which is listed on the London electronic market (ICE) and is a reference for Argentina, is traded at u$s46,06, with […]

One barrel at $ 50. New forecasts for crude

Perhaps the horizon for oil prices is encouraging. With the fall of the global economy due to the pandemic of the new coronavirus, this past week it was observed how Brent was struggling to stay in the range of $ 42 per barrel, although it finally failed and ended at $ 40. But different organizations […]

Oil: the Creole barrel returns to $ 45, but with requirements for companies

The return of the “Creole barrel” of oil was established this Tuesday through the publication of a decree published in the Official Gazette. Companies must meet a series of requirements related to maintaining the level of employment, investments and restrictions on the exchange market. It was decreed that until the end of 2020, “deliveries of […]

Oil demand will collapse in 2020 like never before

Oil tankers in China last August Worldwide shutdowns due to the corona pandemic are drastically reducing oil consumption. (Photo: dpa) Frankfurt, London Global demand for crude oil is likely to plummet this year as never before due to the corona virus pandemic. As the International Energy Agency (IEA) announced on Thursday, a historically high decline […]

Oil. Oil prices rebound after collapse earlier this week

New York crude oil rebounded sharply on Wednesday after collapsing Monday and Tuesday, but the market remained under pressure in the face of falling demand and near-saturation of storage capacity. A barrel of WTI for delivery in June, which is the first day of use as the benchmark contract, rose 19% or $ 2.21 at […]

Mohammed bin Salman – the gambler prince in the oil price war

Berlin It was an unexpected armada of tankers that the world’s largest oil company had sent to the world’s oceans. Saudi Aramco proudly shared a video on Twitter at the beginning of April in which 15 super tankers set to the brim with 18.8 million barrels of crude oil. The flooding of the markets with […]

Oil crisis: “The Americans should accept quotas”

Patrice Geoffron is a professor of economics at Paris-Dauphine University and director of the Center for Geopolitics of Energy and Raw Materials. Read also Speculation, saturated storage… Why the barrel of oil fell below zero dollar Nothing seems to prevent a fall in world oil prices. How did we get here ? The health crisis […]

The price of a barrel of American oil drops below zero dollar

The value of a barrel listed in New York for delivery in May fell on Monday April 20 below zero. The contract expires Tuesday at the close, those who hold it must find physical buyers as soon as possible. But as stocks have already risen enormously in the United States in recent weeks, they are […]