OPEC.

An expert claims that the G7 decision to reduce the maximum price of oil from Russia may cause a financial crisis and a regime change. Poles, along with the Baltic states, are in favor of the reduction. At the same time oil is getting cheaper despite the restrictions.

So far Joe Biden’s visit to Saudi Arabia has not added any new oil to the market to lower the price of fuel at gas stations. If the Saudis do not help, the impending crisis will – writes Wojciech Jakóbik, editor-in-chief at BiznesAlert.pl.

The OPEC+ group is meeting again to talk about oil prices hoping for an economic rebirth, which is still under question, because of the news about the new coronavirus waves and strains. That is the case at least in the West, because so far the „Chinese virus” has been benefiting… China, which has increasing impact […]

The hope for coronavirus vaccines and encouraging economic data are driving up oil prices. What will happen if it turns out that the market is wrong, and the third wave of the virus will cause a new oil price crisis that will be impossible to overcome? – Wojciech Jakóbik, editor in chief at BiznesAlert.pl, asks.

The OPEC+ agreement is not being fully implemented and its future after 2020 is under question. Due to the second wave of the pandemic, the oil price is still determined mostly by the coronavirus – Wojciech Jakóbik, editor in chief at BiznesAlert.pl, writes.

The CEO of Rosneft presented Vladimir Putin with a bottle of oil during their talks on the situation on the market, which is overcome with pessimism connected to OPEC+ meeting on the progress of the agreement. The coronavirus made the investors believe the bottle of oil is half empty, not half full – writes Wojciech […]

Three OPEC+ countries have announced additional production cuts to the tune of over 1 m b/d until oil prices drop. The coronavirus did kill the oil deal, but it’s not done yet. Further cuts will be determined by the market, not political declarations – writes Wojciech Jakóbik, editor in chief at BiznesAlert.pl.

What goes on in Poland on the 16th of April.

What goes on in Poland on the 10th of April.

The oil deal is again waiting for an OPEC+ meeting with the possible participation of the United States. However, cuts as deep as 10 million barrels per day may not be enough. Oil production will continue to drop because of the coronavirus pandemic, regardless of what happens with the deal. Independent producers will handle the […]