Russian negotiations and the United States opened the way not only to the end of the price war on the oil market, but also allow us to count on, that Moscow can receive resources on the exit from the crisis, who brought our country coronavirus.
Americans are not the most reliable partner, but the chairman of the State Duma Committee on Energy Paul Zavalny He is looking at such talks with optimism.
"The dynamics of low prices is fraught with consequences. Usually, after, how low prices fall, They then climb high, because manufacturers are forced to stop their prey. All this is not beneficial to anyone - neither manufacturers, neither consumers. Consumer interest is, that prices were in the range of predictable. In this case - it is the price range, which would suit all market, ie. anywhere from 40 to 50 dollars per barrel. And this is the range, which makes the cost-effective production of oil from shale deposits in the United States ", – states Zavalny.
Pavel notes, that the chief regulator of supply and demand on the world market of oil shale mining is. It differs from the classical fields the, each well is a separate field.
"In the first two years of this well gives maximum production, but then production drops. Maximum mining process is 8-10 years. In the same time, namely shale mining is a regulator of supply and demand on the world market. This also correlates with the factor, that the US is the largest consumer of oil in the world ", – concludes Zavalny.
said gob, that if the agreement will be discussed and agreed actions between the major oil producers, namely Russia, US and Saudi Arabia, it will lead to the normal prices, which will benefit all.
"I think, what about this question and. Need to decide, since the period of low prices could drag on and hurt the oil industry. First, prices fall, then jump, and from this volatility hurt the world economy. Therefore, the oil market price volatility nobody needs ", – summarizes Zavalny.
Dmitry Sikorski
