“Promptly took advantage of the situation.” Belarus downloaded refineries at 100%

Oil refineries of Belarus uploaded nearly 100%. As reported by “Interfax-West”, about this on air of the Belarusian television said the first Deputy Prime Minister Dmitry Steep.

According to him, Minsk “operational use” the decline in international oil prices to “recover all the reserves and all capacities”.

He added that the workload of Belarusian oil refineries “near 100%”.

On 20 April the price of may futures WTI for the first time in the history became negative (fall in the value of contracts with maturity in June and later was a minor). According to the Agency Reuters, 20 APR quotations fell to minus $40 per barrel. It also triggered the collapse of prices on the European spot market (prisoners in this market contracts are executed immediately). The estimated price of the Russian benchmark Urals oil fell to minus $3 per barrel of North sea benchmark Brent crude to minus us $3.5.

The rapid fall of oil prices caused a record drop in demand for hydrocarbons because of the pandemic coronavirus, and the ensuing economic crisis and fears of traders that storage facilities will soon be filled.

Thus progress in early April, the agreement OPEC+ on the reduction of oil production to 9.7 million barrels per day in may and June, which is about 10% of the total placed on the market of raw materials, strong impact on the stock did not have. As the Agency Reuters, this is not enough to compensate for the overabundance of raw materials on the market.

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

The EU supports the Belarusian people – Borrell

Vice-President of the European Commission, high representative of the Union for foreign Affairs and security policy Josep Borrell supported the demonstrators who took to the streets of Belarusian cities. About this he wrote in Twitter on Sunday, August 16. “Hundreds of thousands of Belarusians went out today on a peaceful demonstration, demanding the release of […]

Adviser to trump denies the media reports about the alleged intentions of the White house to meet with Putin before the election

Advisor to the President for national security Robert O’brien denied that the us President intends to meet with Russian President Vladimir Putin before the presidential elections in the United States. About it the adviser said in comments to NBC News on August 16. Earlier on Sunday, the channel, citing sources reported that trump was considering […]

Workers of two factories in Belarus, announced the strike Monday

Labor collectives of the plant “Belaruskali” and refinery “Naftan”, on August 16 announced that Monday, August 17, join the nationwide strike in Belarus, reported the news portal TUT.BY. The workers demanded to release all political prisoners and participants of peaceful demonstrations, the resignation of Alexander Lukashenko, the holding of fair and transparent elections, and investigations […]

Russia was seen paddy wagons and unmarked rooms, which were moving toward the border with Belarus – Conflict Intelligence Team

From Russia to the border with Belarus, according to eyewitnesses, moving cars similar to police cars, unmarked. About this in Facebook the evening of August 16, said the investigative group Conflict Intelligence Team (CIT). “The information about the transfer of personnel of Regardie towards Belarus seems to be confirmed”, – stated in the message. The […]