1. Why is the fuel oil so cheap?
“This drop is nothing seasonal”, immediately insists Vincent Orts. Contrary to popular belief, the current drop has nothing to do with sunny days. In reality, it is explained above all by games of geopolitical influences.“Drill Baby Drill”: why it will be complicated for Donald Trump to keep his promises of a rush to oil
First element: the pressure of the United States on OPEC +, the organization that brings together the main oil exporting countries. “”President Trump asked for an increase in production to lower prices. Saudi Arabia, very attentive to these requests, has weighed on the entire OPEC + to obtain this result.“Result: where the organization planned to produce 131,000 additional barrels per day from June, it will finally release 411,000.”It makes a serious increase “comments the advisor.
Second reason: from internal voltages to OPEC +. “”Some countries have exceeded production quotas, which has weakened the agreement between the membersexplains Vincent Orts. By lowering the prices, the organization also seeks to penalize those who have overproduced and to put some order in the ranks “.“OPEC+ launched a bomb on the oil market”
-2. Will Mazout prices continue to drop?
“The parameters are positive for a continuation of the decline”judge the advisor to Brafco. As long as the supply remains generous and demand is stable, prices should continue to be flexed. But beware, geopolitics remains a factor of uncertainty, alerts Vincent Orts. “”It would suffice for a spark in the Middle East to brutally raise prices “.
3. Is it the right time to fill your Mazout tank?
“It is interesting to fill your tank today and this for a few weeks already”confirms Vincent Orts. The reasoning is simple: Buying your fuel oil below 0.75 euros per liter is a hell of a advantage, all the more at the sight of the price history in recent years.
And if prices were to slip in the coming days, it would probably be only a few cents.
