Who commands the oil market now that OPEC has lost weight

<P class = "canvas canvas atom Mb test (1.0em) Mb (0) – sm Mt (0.8em) – sm" Content type = "text" = "organization & # 39; the Petroleum Exporting Countries ( OPEC) OPEC) is one of the most international organizations such as & # 39; health. Since its establishment, its decisions have the ability to make wobble to the world. What better example of the crisis caused its decisions in the seventies of & # 39; the last century. "Data-reactid =" 11 "> The Petroleum Exporting Countries (OPEC or OPEC) is one of the international organizations such as & # 39; more power. Since its establishment, its decisions have the ability to make wobble to the world. What better example of the crisis caused its decisions in the seventies of & # 39; the last century.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "But something just changed. The organization lost control of the oil market. The actions of Donald Trump Presidents, Vladimir Putin and Crown Prince Mohammed Bin Salman, determine the oil prices in 2019 and beyond. And what is clear is that each of them has different things and see their own interests. That will probably strengthen a little more, if possible, relations between states. "Data-reactid =" 12 "> But something just changed. The organization lost control of the oil market. The actions of Donald Trump Presidents, Vladimir Putin and Crown Prince Mohammed Bin Salman, determine the oil prices in 2019 and beyond. And what is clear is that each of them has different things and see their own interests. That will probably create a little more, if possible, relations between states.

<P class = "canvas canvas-atom-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" Content type = "text" = "[Ukollta&#39;interests:[Tambiéndeinterés:[Ukollta'interess:[Tambiéndeinterés:"Why technology companies m & # 39; longer employ university students"]. 'Data-reactid = "13">[Ukollta&#39;interests:[Tambiéndeinterés:[Ukollta'interess:[Tambiéndeinterés:"Why technology companies m & # 39; longer employ university students"].

<P class = "canvas canvas-atom-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" Content type = "text" = "The United States, Russia and Saudi Arabia together produce more oil from the 15 members of & # 39; the OPEC. All three are pumping b & # 39; record rates and each can & # 39; increase production The next year in fact, equals the magnitude of the new production and forecast that Brent Crude fell this week for $ 62 – a reduction of & # 39; 27% a month and a half – fiercely & # 39; investors exist oversupply. 'Data-reactid = "25">The United States, Russia and Saudi Arabia together produce more oil from the 15 members of & # 39; the OPEC. All three are pumping b & # 39; record rates and each can & # 39; increase production The next year in fact, equals the magnitude of the new production and forecast that Brent Crude fell this week for $ 62 – a reduction of & # 39; 27% a month and a half – fiercely & # 39; investors exist oversupply.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Moreover, there are concerns about a possible reduction in & # 39; this type of & # 39; fuel, in fact, the latest report The world oil outlook 2018 OPEC itself from & nbsp;predicts lower demand for oil in the world& Nbsp; as a consequence of the increase in energy efficiency and changes in the transformation, generation and transport, as well as the explosion of & # 39; renewable energies. 'Data-reactid = "26"> In addition, there are concerns about a possible reduction of consumption & # 39; this type of & # 39; fuel, in fact, the latest report, Petroleum World Outlook 2018, by OPEC itself predicts lower demand for oil in the world as a result of the increase in energy efficiency and changes in the transformation, generation and transport, as well as the boom in renewable energy.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" Content type = "text" = "S & # 39; now OPEC influenced the price crude oil increase or decrease its production Since 1987 quota set for each partner, but The Saudi Arabia is a member of the group with the largest share and it seems that he can & # 39; takes decisions without consulting partners from now & # 39; forward. This causes the power & # 39; the whole organization as a whole is reduced to a minimum. The Arabic country become a major player individually and its decisions will be important in the future market. "Data-reactid =" 27 "> S & # 39; now, OPEC influenced the crude oil price has increased or decreased its production. Fee for each partner, The Saudi Arabia is a member of the group with the largest share and it seems that he can & # 39; takes decisions without consulting partners from now & # 39; forward. This causes the power & # 39; the whole organization as a whole is reduced to a minimum. The Arabic countries become player player individually and its decisions will be important in the future market.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "International pressure on Saudi Arabia influencing – decisions of its leaders, who are on the page & # 39; advance for cases like the murder of journalist Jamal Khashoggi or the Yemen War& Nbsp; Weigh & nbsp;in making his new and the reduction of oil prices help ease tension. 'Data-reactid = "28"> The international pressure on Saudi Arabia is influencing the decisions of its leaders, is leading to cases like the murder of journalist Jamal Khashoggi or the Yemen War weigh in making his new and the reduction of oil price helps reduce stress.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although not part of OPEC, Russia He always maintained good relations with & # 39; organization and produced in & # 39; harmony, but since June, Putin leads the drive to increase the extraction of barrels. This provoked the OPEC group chain reaction that reduced production restrictions have been implemented since the beginning of 2017. With its decision to speed up the elaboration, the Russians let someone institutional and commercial relations with their partners. The OPEP and have a much more important influence on the world oil market. "Data-reactid =" 29 "> Although not part of OPEC, Russia has always maintained good relations with & # 39; organization and produced in & # 39; harmony But since June, Putin leads the drive to increase the extraction of barrels. This provoked the OPEC group chain reaction that reduced production restrictions have been implemented since the beginning of 2017. With its decision to speed up the elaboration, the Russians let someone institutional and commercial relations with their partners. OPEC and have a much more pronounced influence on the world oil market.

<P class = "atom Canvas canvas Mb text (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "turn, Production & # 39; the US also unexpectedly exploded, because the companies pumping from Texas exceeded the "& # 39; bottlenecks" that reduced production. In addition, the Government orders to produce more, although it should be cheap. Trump remains & # 39; free, even in the case of oil. If the bucket is cheap, what you expect it to cost much less to complete the deposit. "Data-reactid =" 30 "> For its part, Production & # 39; the US also unexpectedly exploded, because the companies pumping from Texas exceeded the "& # 39; bottlenecks" that reduced production. In addition, the Government orders to produce more, although it should be cheap. Trump remains & # 39; free, even in the case of oil. If the bucket is cheap, what you want is to wait far less cost to complete the deposit.

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<P class = "canvas canvas-atom-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" Content type = "text" = "IDNet News'Data-reactid = "32">IDNet News