Coincidence or the end of the oil era?

Sergiy Sapegin and Gennadiy Riabtsev analyze in an article for DZERKALO TYGNIA global oil market, price trends and possible scenario of developments.

The USA aim to implement two main national projects - health system improvement and recovery of the real economy by ensuring afordable prices on domestically produced energy sources.

The USA are concerned to secure reliability of own national currency and economy in case the main international instrument - US dollar - will decline in terms of demand for international trade.

Oil price declines due to many issues, synerging duration and sustainability of this trend - low demand, rise in domestic production, little impact from conflict areas, national interests over sub-national atc.

Low oil price should stimulate Ukrainian government to development of own oil products sector, because still high prices dominate following pure effectiviness of regulation, control of quality and lobby of oligarchic business.

Read 4532 times