Oil prices fell to the lowest level of the year after Opec oil cartel on Monday afternoon, and the allies plan to gradually increase the raw production in April.
In countries such as Saudi Arabia and Russia, which supply voluntarily to prepare prices, the world soon increases the risk of more oil in the world, which can find more oil with more oil. The group will increase by 2 percent of global demand for 2.2 million barrels per day or a month, 2 percent of the global demand.
This would be a good news for consumers who are generally beneficial when energy costs are low, but squeeze the profit from oil producers and countries and countries.
On Monday, the US oil prices in $ 68.37, a barrel of 2 percent. In this price, generally dig new wells in the United States, so far it is profitable to dig new wells from any other country. The more well is no longer profitable when oil is sold in a $ 60 barrel or less.
OPEC Plus was the name used by the organization of allies such as oil-exporting countries and Russia They have been saying since December A group said that eight countries will begin to perform in April. However, oil traders took salt salt with a grain of these expressions because cartel Delayed similar plans Last year, several times, the outpace of the supply is concerned about the demand and the oil prices will depress.
“The decision to move forward gradually, in response to the increase in political pressure, especially in response to the increase in political pressure, especially in a note, especially on Monday.
President Trump, a target where there are at least half, economists, campaigning energy prices He said not deli. In January, he He said he would be based on Saudi Arabia and OPEC to reduce oil value.
“You have to lower it, and I'm sincere, I am surprised that they do not before the election,” he said.
OPEC's statement can regulate oil producers based on market conditions. “This comfort will allow the group to continue to support the stability of the oil market.”