Oil for rub price. Oil for dollars

Today Sunday, 26 Martha, 2023 year

Forecast - will the oil price rise

Oil price

Oil futures price movements WTI the market is quite volatile (sweeping) and you can make money on this by betting on an increase or decrease in quotes. Crude oil is one of the most widely used and actively traded commodities in the world.. The price of futures in the market is presented in dollars and they are traded on international commodity exchanges. More and more often, forex companies are exhibiting new instruments derived from the price of oil, which can also be played and speculated on..

Dependence of the ruble on oil, oil grades have important differences. The main ones are - density and sulfur content, which can be important to buyers and sellers. New standards require that gasoline has a much lower sulfur percentage than crude oil.. Reducing the percentage of sulfur is a rather difficult task, and oil grades with as little sulfur as possible are more suitable for the production of gasoline and diesel fuel..

Oil is conventionally called sweet and sour.. The lower the sulfur content of the oil, the more sweet it is.. Acidic oil is characterized by a high sulfur content..
A light, sweet crude is more expensive than a heavier and more acidic grade because it requires less processing and produces products with a higher percentage of refining efficiency and lower costs and added value, such as gasoline, diesel and jet fuel.. Heavy oil and, as a rule, more acidic crude oil is sold cheaper than lighter, sweeter oil, since it requires additional processing to obtain a lighter product from it..
Crude oil is used to produce gasoline, kerosene, liquefied gas, diesel fuel, lubricants, synthetic rubber, mineral fertilizers, etc..

Oil from Russia

Urals Crude Oil - mixture (blend of heavy and premium oil Urals, with light oil from Western Siberia, with a density API about 32 and sulfur content of about 1,2%), mined in Khanty-Mansi Autonomous Okrug, Bashkortostan and Tatarstan. This oil is supplied through the Baku pipeline-Novorossiysk and along the Druzhba pipeline system . The world s largest oil producers Urals - Rosneft, Lukoil, Gazprom Neft and Tatneft . Grade oil futures quotes Urals listed on the Russian Stock Exchange RTS. On New - York Mercantile Exchange NYMEX "Ural" known as REBCO and traded under the ticker symbol RE, in US dollars per barrel. Largest consumers of Russian oil Italy and Rotterdam, Netherlands.

Oil WTI (Light)

West Texas Intermediate (WTI) otherwise known as Texas Light Sweet and comes from Texas and Mexico. This oil contains small amounts of sulfur and density. The sulfur content is about 0,24%and the density - 39,6 units and this oil is considered sweet and light oil. Refining of this oil is usually done in the regions of the Persian Gulf, as well as in the United States due to its proximity to oil reserves.. Light Sweet Crude Oil (WTI) traded on NYMEX under the ticker CL. Oil brands WTI traded in the form of futures and options, which is an instrument of high liquidity for trading on commodity exchanges.

Oil grade Dubai

The Emirate of Dubai from the United Arab Emirates is one of the largest suppliers of oil, and as a result, another benchmark for the grade of oil has emerged. Dubai. The density of this crude oil is 31 scale unit, and the sulfur content - 2%

Brent

Brent got its name from the area of ​​the same name on the shelves in the North Sea, which belongs to Great Britain. In this region, oil reserves have been significantly depleted and the supply to the nearest regions has slightly increased in price.. However, Brent s oil-is still the benchmark for oil and serves as a benchmark for the pricing of other grades, the price of which differs somewhat from them in the spread of prices for different grades of oil. And also Brent oil is a benchmark due to its wide availability and ability to continuously develop, as well as the ability to include new brands. Today, up to two-thirds of the world s oil reserves in terms of price in relation to Brent Brent is called sweet oil, which contains 0,37% sulfur and 38 density units. Brent oil is actively used for processing into gasoline and diesel fuel.
Brent traded on electronic Intercontinental Exchange (ICE) under the ticker LCO in US dollars.
Though Brent considered light oil, it is not that easy as WTI.

OPEC Basket

The OPEC Basket Oil comes from Bonny Light (Nigeria), Arab countries (Saudi Arabia), Basra (Iraq), Algeria and Indonesia.

The main importers of oil are the USA, China, Japan, Germany. Among the main exporters - Saudi Arabia, Russia, Iran, United Arab Emirates.

Two years ago, we felt the full impact of the fall in oil prices. For Russia, the low cost of oil is like natural disasters - destructive and unpredictable. And if so, then this is clearly not friendly with the prosperity of the country.. However, not all countries are affected by the fall in oil prices.. Quite the contrary, large oil importers are temporarily gaining incredible growth in terms of free and additional funds.. This means that there are many interests and many forces on the other side.. Let s take the same United States. Good example of a powerful and very large interest in low oil prices. As no one knows, there has never been enough money, and the United States is no exception, in which an item of expenditure on the army, social spending and other budget items, a huge internal and external debt is simply inflated to unprecedented proportions.. And then one a sharp drop in oil multibillion-dollar problems are being solved, because there would be money, but America knows how to act, in contrast to the clumsy developing countries.

Cons of the low oil price for the United States

However, not everything is going smoothly for the United States either.. The lowest oil prices WTI They literally tie hand and foot the developers of shale oil production in this country, which is absolutely unthinkable to extract at such prices, because the cost of developing and extracting from shale deposits is much higher than the cost of extracting oil by other methods. However, during the period of high oil prices, many shale oil fields were nevertheless successfully developed and put into operation, which filled even more US storage facilities, which also contributed to the first reversal, and then rapidly falling oil prices WTI. And this despite the fact that world oil consumption is only increasing. It s no secret that alternative energy sources, of which Europe is a big supporter, are still expensive and make up a very small percentage of total energy consumption..

It is possible that there is a whole system and organizations that closely monitor the situation on the oil market, oil prices and trading, and which are puzzled to somehow influence the price downward on a large scale.. This is precisely the most important factor in the pricing of oil, along with what is openly presented in the media..

Low oil price pressure on Russia

Everything is exactly the opposite for the comfort of the Russian budget. Falling oil prices WTI can seriously drain the body of the Russian economy, despite the gold and foreign exchange reserves. The sale of energy resources replenishes the Russian budget by more than half a year. Just calculate what the country will miss if the oil price falls even by 5 dollars per barrel, what can we say about such steep falls. Russia is generally not profitable from the large volatility of the price of oil futures and options, because it complicates the calculations. Even a sharp increase leads to some imbalances, because it is always profitable to put free resources into action, and not to collect in a sock, what can we say about sharp drops. Low oil price WTI accompanied by a fall in the ruble, overstatement of interest rates in order to contain inflation. The standard of living of the population is falling, purchasing power is falling. Imported goods are becoming too expensive, and among them are not only consumer goods, but also important goods for the strategic development of the country and its stability.

Oil for rub per 2023