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27.03.2020 BRENT OIL Daily Analysis
Daily Brent oil keeps on facing pressure due to different reasons and it keeps going down. Saudi Arabians are struggling to find customers for the excess
Yazar: Zack Smith
Yayınlanma: 28 Mart 2020 13:38
Güncellenme: 10 Kasım 2024 09:28
BRENT OIL 25.70usd, -0.64 , -2.43%
Daily Brent oil keeps on facing pressure due to different reasons and it keeps going down. Saudi Arabians are struggling to find customers for the excess oil that they were producing and supplying. Big customers like Finland has reached a level that the whole of April they will not take any oil from Saudi and this low demand is caused by the coronavirus. Riyadh the capital of Saudi is planning on boosting its production from 9.7 million to 12.3 million barrels per day so as Russia. The war price is not showing any hope of end because production is increasing yet there is no demand that is why Brent oil keeps going low as well.
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