According to the fuel service "Algorithm", oil continues to probe the bottom. Will remain above $50 per barrel or break this important psychological level is unclear. Bears, hungry after hibernation, determined to subjugate all and Sundry. This is the intrigue of the last weeks. The question arises whether all the negative oil events already poured into oil futures? Judging by these factors, and this growth in US production, record stockpiles, the statement of the Minister of Saudi Arabia that the cartel will not agree to the sacrifice for the sake of increasing shale oil production in the United States, the country will extend restrictions on oil production. But, really, once oil prices went to $ 50 milestone, and it happened in may 2016, the United States began restoring the number of drilling rigs with a minimum of 317 PCs on may 27, 2016 to 617 pieces according to March 10, 2017.

Thus, it can be argued that break-even for shale producers is in the middle on the 50-dollar mark. Probably, this level of world prices and will continue to watch American kancevica throughout the year in the $50 range+/-$5 per barrel.

The SPIMEX

Sharp fluctuations of oil on the domestic oil market and global markets are smoothed out by the inertia of the production cycle. Volumes and prices for oil products manufactured at oil refineries of the country in March, has already entered into the implementation plans of the oil companies. So expect that the price indices on SPIMEX will real-time tracking of export parities, would be naive. And they are collapsing these days together with the oil. Netback of gasoline, even before the oil collapse in excess of the domestic price of 3 000 R/t, dropped to stock levels. And if internal prices had growth potential after netback, it is now dried up.

In the segment of diesel fuel about the same pattern as in gasoline. Netback collapsed, but only until the current stock prices. Preferences for the premium domestic market is not received. Formed the external balance and domestic prices.

In the segment of fuel oil, where the domestic price is usually strictly follow netback registers a lag in the rate of decline. Normal - only just up the price of flying without regard, it would be a reason. A decline is always a painful process, because the warehouse is still an expensive commodity, and selling it at a loss - the hand does not rise.

Photo source: fuelbroker.ru, hyser.com.ua