Energy expert Javier Blas He has shown Through the social network X (old Twitter) as the price of Brent barrel, it has suffered one of its greatest falls in recent decades. In just two days, I know It has collapsed $ 10.4, Brent barrel at $ 65.14. This strong descent reminds other historical falls such as the Ukraine War in 2022, the Covid-19 Pandemia and the Price War in Saudi Arabia in 2020, the 2008 global financial crisis and the Gulf War in 1991.
Short. According to has had access Reuterscrude oil has been driven by The announcement of tariffs by US President Donald Trump. These tariff measures, They have given much to talkThey have generated fears about global economic growth and energy demand.
A blow after another. In the last years of fluctuations and political uncertainty, we must add the closure of refineries. As has advanced Oilpriceone in five global refineries faces closing risk, despite the fact that the demand for fuel is still increasing. This imbalance between supply and infrastructure is generating additional tensions in the market. In addition, operators seem to have lost confidence in a robust and sustained recovery of energy consumption, which has led to massive positions of positions in futures markets.
OPEC+ continues on the same path. In recent statements They have decided Accelerate its production increase schedule, adding 441,000 barrels per day in May, as part of one to gradually add 2.2 million barrels per day to the market. This increase in crude could put even more down pressure on oil prices, also taking into account Kazakhstan that does not stop producing. From the New York Timessome analysts have interpreted this movement as a gesture towards Trump, who seeks to reduce fuel prices, while others see them as a way to prevent members from exceeding their production quotas.
A downward trend? This whole situation may be maintained in the short term. On the one hand, tariffs and overproduction of the OPEC+ can make the price continue. On the other hand, the closure of some refineries could keep the prices of derived products, such as gasoline and diesel. Thus, although the price of crude is still low, the imbalances in supply and infrastructure could maintain tensions in the energy market. The coming months will be crucial to determine whether this fall is a temporary anomaly or a prolonged trend.
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