Oil. An ideal gale

Oil. An ideal gale

Mikhail Slobodin, one of top-analysts in the Russian oil industry, presents own opinions to the situation with oil prices and future trends on Livejournal (in RU)

Factors:

1. The faster is price growth, the more painful is downturn

2. High sensitiveness to demand and supply balance.

3. A wonder-growth of demand is not present.

4. There was a wonder in production.

5. The main balancing player (Saudi Arabia) does not want to perform regulation of supply

6. Revolutions in the Middle East were gone, the war has not started

7. Strong US dollar

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