It will be an amazing game on oil and nerves.
Saudi Arabia agreed to freeze oil production. This is a preliminary decision, which was announced on the eve of the meeting of countries and applying for membership in OPEC on 17 April in Doha.
Position SA, as always, very opaque. “We will reduce if you reduce everything, will increase, if will increase”.
And yet, Riyadh is ready to make a decision on freezing, even without looking at another major player – Iran.
By the way, today we have Iran delivered the first s-300, but it has nothing to do with oil, of course.
I want to remind you one fact, which is important in making final decisions on behavior in relation to the production of black gold. Remember, Saudi Arabia has moved to Turkey for the Syrian troops? And declared the readiness of a full military intervention?
Now become a little more obvious several things at once. First, CA is not too thrilled about contraband oil, though would never admit to. She even with its desire for hegemony is worse than the US, and with his smart-ass position worst of Israel. Secondly, when she began to fuss about Syria, Arabia gave its oil concerns. By the way, Moscow did not even reacted to the intervention, while other statements did not go unnoticed.
And yet, it should be noted that after large-scale government changes affecting the SA (the oil revenues there has ceased to be a priori income for all) that this country is particularly vulnerable to oil prices. So APE can be any number. But if they don’t smuggle on a large scale than the legitimate trade, the price increase that will follow the production decline, to CA – a breath of fresh air.
Yes, for Russia too. We are truly one of the most interested in oligopoly higher prices, the country. So let’s see how revealing the Russian card will be the other members of this complex market.
P. S. the Schedule of prices is not oil after the announcement of the agreement countries. No comment.
