The SPIMEX

The activity and volume of transactions with oil products does not decrease, and prices continue to decline. Gasoline Ai95 fell by an average of 80 R/t, Ai92 – 70 R/t. The main contribution to the decrease in indexes has made the company's refineries LUKOIL – NORSI, Ukhta, Volgograd, Perm. Slipped and the prices of several other oil refineries in the Ufa group Ai92 – minus 200 R/t, the Samara group – minus 80 R/t, at the Moscow refinery – minus 120 R/t. Despite the decline, the impression that the downward trend that emerged last week, is to reverse or at least to the exit on a horizontal trajectory.

The behavior of the price of gasoline on the wholesale market has some peculiarities. The growth of prices at the regional depots, almost to the day repeats the behavior of stock market indices. But only on the growth phase. But the decline of stock exchange indices of the regional gasoline retailers not to notice. Thus, in the period from 1 to 17 November Ai92 gasoline at the refinery (National index) fell by 3.5%, and the regional depots, as this chart shows, only recorded highs.

Deals with diesel fuel, despite the divergence at the refinery, on average, continue to gently slide down.

The market is waiting for certainty from the decisions of OPEC. Meanwhile, news from various sources and assembled in Vienna the cartel is disappointing. Disagreements among OPEC members remain. Traders on the futures market of oil are in disarray, but are mainly put on by a price drop. And this is a sure sign of the failure of the idea to freeze the prey.

Interesting calculations - at what price oil-producing countries manage to balance their budgets - published by RBC:

- Russia $69/barrel

- Iran – $55,3/barrel,

- Kuwait – $47,8/barrel,

- UAE – $58,6 per barrel,

- Qatar – $62,1/barrel,

- Iraq – $58,3 per barrel,

- Angola – $of 66.06 per barrel,

- Algeria – $90,6/barrel,

- Ecuador – $104,69/barrel,

- Venezuela – $117,5/barrel,

- Nigeria – $85,4/barrel,

- Libya – $216,5/barrel.