Globale Ölindustrie infographic
Grafik zeigt die Ölproduzenten, die mehr als 1 Million Barrels pro Tag fördern.
GN40123DE

WIRTSCHAFT

Kann Saudi Arabien die globale Ölindustrie retten?

By Duncan Mil

April 6, 2020 - Saudi Arabien und Russland üben auf die USA Druck aus, sie wollen eine Vereinbarung, dass die Rohölförderung global um mindestens 10 Millionen Barrel reduziert wird, damit die Preise stabilisiert werden bei sinkender Nachfrage durch die Covid-19 Pandemie.

OPEC+ -- the Saudi-led Organization of the Petroleum Exporting Countries -- will convene a teleconference on April 9, in a bid to negotiate a truce in a Saudi-Russia fight for market share that has brought crude prices down by as much as 60 per cent since January.

U.S. President Donald Trump has said he will slap tariffs on crude imports if he needs to protect U.S. energy workers from the oil price crash.

Saudi Arabia has delayed pricing its crude for May delivery as it awaits the result of the conference, indicating that Crown Prince Mohammed bin Salman (MbS) is not willing to flood the market with cheap supplies before an agreement.

Alongside the U.S. and the OPEC+ producers, MbS could demand all countries that pump more than one million barrels a day take a hit. In essence, this would include Canada, China, Brazil, Qatar, Norway and the United Kingdom. Otherwise, Saudi Arabia could continue to pump 12.3 million barrels a day, which would result in prices collapsing to single figures, hitting the U.S. shale oil industry that has been a thorn in the sides of both Saudi Arabia and Russia for the past six years.

Sources
PUBLISHED: 06/04/2020; STORY: Graphic News; PICTURES: Getty Images
Advertisement