Many experts has for the last few years did not stop to wonder why the price of oil falls, and on what time delay "bearish" sentiment.During the last five years in the oil market was recorded 4 global incidence."Bear" cycle was repeated 14 times, and this since 2000.Despite the instability of the situation, the price per barrel is always safely return to the starting point.
most massive drop in oil prices in the 21st century
global oil prices fall in the history of the market was able to track the history of quotes WITI, which, since 2011, replaced the fuel brand Brent.There are only five:
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2001.By 19 January 2001 the price of oil was 32.2 dollars.By November 5, 2001 the value dropped to 17.5 dollars.For 10 months the price of a barrel fell by 48.5 percent.
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2006.July 14, 2006 the price of a barrel of oil was 77 dollars.On the 18th of January next year, the price reached the mark of 50.5 dollars.Within 6 months it was recorded price fall by 34.5%.
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Summer 2008.In 2008, 3 July the price per barrel was equal to 145.3 dollars.After 2.5 months, namely on 16 September was recorded once at the bottom of the index - 91,2 dollar.
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Autumn 2008.By 22 September, after the recent drop in oil prices pulled back to a level of 120.9 dollars, and by December 19 there was a stop at a price of 33.9 dollars.In just three months the price of a barrel of oil has fallen by 71.9%.
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Spring 2011.April 29, 2011 the price reached 113, 93 dollars per barrel.But on October 4 on the daily chart has already been recorded a new low at 75.67 dollars.The fall lasted 5 months, the price has fallen to 33.58%.
Why is the price of oil falls, and how the situation in 2015?
Oil is the base of all the energy on which virtually the entire civilization is built.Without gasoline, kerosene and diesel fuel to imagine modern society is simply impossible.That is why the question as to why the price of oil falls, was seriously concerned about not only economic analysts, but most people in the world.The situation is interested in almost every expert in this matter.
special attention to oil prices, the people of Russia.This is due to the fact that the fall in the cost of fuel has led to the depreciation of the ruble.The dollar is growing rapidly, and the ruble has just collapsed.People stop to keep their savings.They either invest in the purchase of household appliances or in the improvement of their living conditions, or transferred liabilities in foreign currencies is not favorable rate.
Despite last year's predictions, today oil prices are falling.2014 ended another reduction in the cost of a barrel.The long-awaited trend reversal did not take place, the situation remains unclear.
Research in figures
World oil prices Brent (this brand is one of the most sought after, the movement of its price makes the overall analysis of the market) in January-February 2014 stood at around 107 dollars per barrel.In early October to buy a barrel of oil could be as little as $ 90.This is a significant cause for panic in countries where economic activity is based on energy exports.At this price situation is not stabilized, and by December 11 the price chart painted a new minimum - $ 64.Today, buyers are willing to give for fuel not more than 59.5 dollars.It turns out a very interesting situation.The demand for fuel increases systematically and price decreases.
reasons for the fall in prices in the world - the policy of OPEC
clear answer to the question: "Why does the price of oil falls?"problematic.The situation was generated by comparing the same time a number of factors, which, according to economic analysts have been created artificially.
significantly changed the price of oil per barrel due to the policy of states - members of OPEC.The amount of extracted oil is increasing with each passing day.In August 2014 the record was achieved.The volume of oil produced 30.5 million barrels per day.Over the past 5 months, this figure remains stable.Previously, the daily rate of oil production is 30 million barrels per day.The increase in production by 0.5 million in conjunction with other factors had a significant impact on the collapse of the market.
Libya, Saudi Arabia and Kuwait: the impact on the oil market
about the upcoming price drop warned Venezuela, Iran and 4 states that make up OPEC.According to experts, a significant increase in the cost of a barrel is possible while reducing the volume of fuel production by only 415,000 barrels.As a result of the refusal of the decline in production from Saudi Arabia and Kuwait, the situation escalated.Voices states were decisive, as it is Saudi Arabia account for about 300 million additional barrels of oil.The situation heated up Libya's economic recovery, which finally came out of the military situation and re-joined the list of dominant players in the oil market.
US role in the formation of prices in the oil market
fall in oil prices has been caused by actions on the part of America, as its territory is quite a large number of deposits of this mineral.The government of the state in order to avoid shortages, issued a law banning the export of raw fuel.At the same time the United States has been more than a decade remains the main consumer of oil in the world.Huge amounts of fuel, which bought up the country, supported by the cost of fuel.The price of oil per barrel has remained at a high level.
Reducing the cost of crude oil in September 2014 coincided with an increase in the production of fuel in America.The daily production rate stood at 8.7 million barrels per day.According to analysts, in the coming months increase to 9.5 million barrels per day.As a result, oil prices are falling, the main consumer left the arena.Moreover, finding a loophole in the law, large companies began to export its oil to the world market.This volume of crude oil was not in the country since 1987.
Diagonal "overproduction - consumption"
The fall in oil prices was a real blow to the economies of which live at the expense of energy.The daily fuel consumption of 92 million barrels per day.Due to the shortage of fuel in the world market, the price was quite high.The sharp jump in the mining industry to the level of 93.8 million barrels led to overproduction.The result is obvious.When a larger quantity than buyers, the price decreases by reducing demand.While there is a continuing efficient production of fuel, the situation will only get worse.
The dollar has affected the price of oil
the drop in oil prices has affected and a sharp increase in the dollar.This is due to the fact that the price per barrel is calculated in US dollars.At steady state of supply and demand on the oil market price remains static.If we consider that the dollar is constantly changing in relation to the currencies of the world, the situation described above in the market - this is from the realm of fantasy.As a result of a rise in price of the dollar holds fall in oil prices, as the road allows the dollar to buy more fuel volumes.The falling dollar will lead to an increase in oil prices, as the per barrel will have to pay more than the US dollar.Some countries refuse to sell their oil for dollars.Companies buying fuel to change the currency, causing an increase in supply and stimulates her fall.Occasionally it happens that the world oil prices and the dollar rising in price at the same time.This is due to the fact that the situation should be accompanied by a reduction in the level of employment in the United States and good economic performance.
