This does not translate to retail prices yet, mainly due to the fact that not all stations actually sell fuel from the cheapest deliveries. If wholesale prices remain at their current level in the coming days, the chances of lower fuel prices will increase as early as next week. It’s hard to predict, as long as prices may drop next week, because they are likely to spread over time, but you should allow prices for unleaded diesel 95 and diesel to drop below PLN 6 / liter at most stations
– We read in the comment.
Only this week at some stations could corrections be observed in the prices of petrol and diesel Pb95, reaching 1-3 jerseys per liter. On Thursday, the average fuel prices were as follows: 95 unleaded gasoline – 6.03 zlotys / l, 98 unleaded – 6.32 zlotys / l, diesel – 6.04 zlotys / l, automatic gas – 3.4 zlotys / l. Meanwhile in the market Crude oil The week was marked by a sharp increase in price volatility.
The highlight of the week was, of course, the OPEC+ meeting. After the OPEC + decision on Thursday, the prices of the Brent crude series contracts for the month of February fell to the $66 region. Per barrel, the market then returned to around $70. On Friday morning, Brent crude was around $72, “PM Reflex Analysts noted.”
As previously planned, the OPEC + countries decided to increase production by 0.4 million barrels per day in January, after the arrival of the Omicron variable that led to fears of a return to lockdowns. Which led to a drop in oil prices last Friday. This means that they dealt with an oversupply of crude oil, which in January is expected to reach 2-3 million barrels per day.
According to OPEC +, whose next meeting is scheduled for the beginning of January, the excess supply of crude oil in the first quarter of next year will reach an average of 3 million barrels per day. while The United States may delay the release of strategic reserves, while adjusting this decision to consumer expectations and current crude oil prices.
Analysts at BM Reflex predict that “if we get more details on the Omikron coronavirus variant next week and the news is positive, crude oil prices may correct the latest wave of price drops by a few more dollars.”
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