The month of December will be calm. At the start of the month, the market will be marked by stability, and this could last until December 31, the daily understands. Eco Inspirationswhich is based on statements from professionals in the hydrocarbon sector. They affirm that this stabilization remains aligned with the fluctuation of international prices, in particular of refined fuel, Platts. Moreover, the Competition Council, in a recommendation issued in its first reporting on the nine hydrocarbon distribution companies affected by the transactional fine, invited them to follow the international course.
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“Vending companies have been urged to take the course internationally. Thus, given the evolution of the markets, in theory, prices should not change. This price stability will last until the end of the year. It is also expected that crude oil prices will remain at the same level due to the futures contracts which must be respected. These analyzes are of course valid in the case where the market does not suffer any particular disruption,” analyzes Mostafa Labrak, managing director of Energysium consulting and energy expert.
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Internationally, weak demand caused by the non-recovery of the Chinese economy, which remains the main consumer market, is at the origin of this lull. Currently, geopolitical tensions, particularly the conflict in the Middle East, have no impact on the price of a barrel. According to experts, the trend could change as early as January 2025, with the arrival of Donald Trump, recently elected President of the United States. The restrictions that Joe Biden’s predecessor and successor “want to introduce by increasing customs duties for several countries could lead to a decline in demand, which could cause the price of oil to collapse,” the experts analyze.
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