Oil for rub 2023 realtime

Today Sunday, 26 Martha, 2023 year

Forecast - will the oil price rise

The price of oil and the ruble 2023

Oil price on the market. Crude oil is a widely used and actively traded commodity in the world. The market price is in dollars and they are traded on international exchanges. Instruments derived from the price of oil are also exhibited..

Dependence of the ruble on oil. 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 it is more suitable for the production of gasoline and diesel fuel if there is less sulfur..

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 variety is more expensive than a heavier and more acidic variety and requires less processing and is associated with lower costs and added value such as gasoline, diesel and jet fuel.. Crude oil is used to produce gasoline, kerosene, liquefied gas, diesel fuel, lubricants, synthetic rubber, mineral fertilizers, etc..

Ruble and oil from Russia to 2023

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. The world s largest oil producers Urals - Rosneft, Lukoil, Gazprom Neft. On the exchange NYMEX "Ural" traded under the ticker symbol RE, in US dollars per barrel. Largest consumers of Russian oil - Euro zone.

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. Light Sweet Crude Oil traded on NYMEX - CL. Oil brands WTI traded as futures and options on commodity exchanges.

Oil grade Dubai

Dubai from the United Arab Emirates is one of the largest oil suppliers Dubai. Density of crude oil 31 units, sulfur content 2%

Oil price forecast in 2023 г

Oil reserves are significantly depleted and the supply has increased in price. However, Brent oil serves as a benchmark for the pricing of other grades, the price of which differs somewhat from them from the price of different grades.. And also Brent oil is a benchmark, as well as the possibility of including new grades. 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 traded on electronic Intercontinental Exchange (ICE) - LCO in dollars.
Though Brent considered light oil, it is not that easy as WTI.

OPEC 26.03.2023

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.

Low cost of oil for Russia - extremely bad. Not all countries are affected by the fall in oil prices. Large oil importers gain an increase in available funds during a fall in prices. The United States is interested in low oil prices. The US economy is bloated - expense item for the army, social spending and other budget items, large internal and external debt. And then one a sharp drop in oil multibillion-dollar problems are being solved.

Cons of the low oil price for the US in 2023 г

However, not everything is going smoothly for the United States either.. Low oil prices they literally tie hand and foot the developers of shale oil production in this country, which is absolutely unthinkable to extract at such prices. However, during the period of high oil prices, many shale oil fields were nevertheless successfully developed. falling oil prices WTI. But global oil consumption is only increasing. Alternative energy sources from Europe are still expensive and make up a small percentage.

The pressure of low oil prices on the ruble in 2023 г

Falling oil prices WTI negatively for the Russian economy. The sale of energy resources replenishes the Russian budget by more than half a year. It is extremely negative if the oil price falls even by 5 dollars. Russia also does not benefit from oil price volatility. Low oil price WTI accompanied by a fall in the ruble. Purchasing power falls. Imported goods are becoming too expensive, and among them are important goods for the development of the country and its stability.

Oil for rub per 2023