Архив за 26 августа, 2024

Energy market:

It’s bad enough when tyrants, subordinate-eaters and similar personalities come to power, but it’s very bad when the French come to power. Durov’s detention at the heart of the blue circus with the tower in the middle opens the way for the insatiable rulers to deal not only with Bezos or Jack Ma, but also with slightly smaller stars. In such a situation, many people’s motivation to mold their company will simply fall away. This is the path to grayness.

To Pasha, for the ability to open his mouth! Hello!

This release was prepared with the direct participation of analysts from trading platforms eOil.ru and IDK.ru. Here is an assessment of the situation on the global and Russian markets.

Sellers cannot convince us of their ability to push the market lower. We see an extremely attractive picture from a technical buying point of view. It could easily be broken now, but the longer we stay above 75.00 Brent, the better the chances are that bullish news will come and we will move $15 up. It is alarming that China is being buried so loudly in the press that it gives the impression that oil will be given away for free tomorrow. But it really isn’t! China grew by 5.3% in FY23; in the second quarter of FY24, the rate fell to a 4.8% annualized rate. But, everyone should be so down. This is growth on the back of OPEC’s control of the oil market. It’s a guarantee of demand for resources.

It is worth noting that despite the growth of wind and solar power generation, oil demand is not falling. In China, electric cars have reduced demand by 0.5 mln barrels per day, but overall energy demand has continued to grow. Hence, the fears, including those of our oil producers, are unfounded. Still Indians are in poverty, still Argentina has not stopped dancing, still Indonesia has not felt itself the center of the world. There is a lot of interesting things ahead. And everyone needs oil.