The price ceiling will not help: the era of cheap oil has come to an end

The alliance of oil producing countries from OPEC again failed to produce as much oil as was planned and secured in the deal. And not by a few thousand barrels per day, the deficit was about 1,8 million barrels per day. Worst of all, this phenomenon has taken on the character of a trend, a normal state, from a single occurrence. It is obvious that all this will affect the global hydrocarbon market, moreover, in the most negative way. Irina Slav, columnist for the OilPrice resource, writes about this.

The US government is trying to solve the dilemma of fixing its domestic energy problems and the cost of fuel at gas stations, while trying to influence Russia. And the White House did not find anything better than to ruin its strategic oil reserve and impose a price-ceiling embargo harmful to the West. As a result, the cost of raw materials only increases, and Washington has a need to replenish reserves.

Experts in this case have a bad news for the leadership of the world hegemon: not least thanks to his own actions, commodity prices will remain high for a long time. Simply put, the era of cheap oil has come to an end. The price ceiling for black gold, set by the coalition, in this case, not only will not help, but rather, it will even hurt and make quotes grow.

The future of oil actually depends on two factors - the reluctance of OPEC to produce more and the desire for a carbon-free the economyexacerbated by sanctions against the Russian Federation. It is these factors that will lead to an increase in the cost of raw materials and the transition to a state of chronic shortage.
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  1. abdulavolniy Offline abdulavolniy
    abdulavolniy (Abdula Volny) 19 December 2022 11: 34
    For your citizens, make gasoline for 20 rubles, enough to rob your own people
    1. Alex Nevs Offline Alex Nevs
      Alex Nevs (Alex) 19 December 2022 18: 42
      Yeah ... after 20 it will be "do 5."
    2. Alexander Ponamarev (Alexander Ponamarev) 20 December 2022 08: 17
      Even if it were 25, gas in general would be done for pensioners for free
  2. The comment was deleted.
  3. trampoline instructor (Cotriarch Peril) 19 December 2022 21: 53
    The article is about nothing.
    First you need to define the terms: expensive-cheap, because in this life everything is relative. June 09, 22 UKOIL cost $123,53 per barrel, now - $80,12 per barrel.
    There is a price drop of 35% over the past six months, so do not make me laugh with your forecasts.
  4. Andrey Andreev_2 (Andrey Andreev) 20 December 2022 14: 38
    Why is Friendship still working? Why does oil go to/through Ukraine and let them fill their tanks that shoot our children??? Novak said that countries that supported the oil price ceiling would not be supplied with oil! Why are deliveries in full swing in the EU?? Indeed, a rusty colonial gas station! Chatterboxes are everywhere
  5. Vasya Pupkin_3 Offline Vasya Pupkin_3
    Vasya Pupkin_3 (Vasya Pupkin) 20 December 2022 15: 05
    I remember, I remember how the leader of the cranes was telling his companions: - The era of cheap hydrocarbons has passed, oil cannot cost less than 100 bucks per barrel)))