Sharp fall in oil prices – Västerbotten Courier

The world market price of crude oil falls sharply since Iran put a spoke in the wheel of a coordinated global reduction of oil production shortly.

A futures Brent crude for next month fall by nearly 3 percent to just over 39 dollars per barrel. And analysts believe that it can continue down a bit further.

– We will probably see prices of 35 dollars per barrel before we reach $ 45 per barrel, says Bjarne Schieldrop, chief analyst at SEB Reuters.

the price drop in Monday’s trading came after a statement by Iran’s oil Minister Bijan Zanganeh this weekend, according to which the OPEC country will not join the cooperation on global production quotas until the country has reached a production volume of perhaps 4 million barrels of oil per day.

in the current situation, Iran’s production volume of nearly 2 million barrels per day.

Did you find this article interesting?
Sign up for our newsletter so you always have full control of what is happening in the north of the business.