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AB 2000 studies

Alain Boublil Blog

   

Archives Jan. 13, 2020

Oil : the new glut

Tensions in the Middle-East had generated at the end of last year a sharp rebound of oil prices, reaching almost 70$ per barrel. When these tensions are far from having disappeared, with the American assault against the chief of the Iranian Army and the launch of a missile which hurt the Ukrainian Boeing, causing 176 deaths, rates fell back under 65$ , the market seeming to ignore the political risks which weight on the most important zone of production and export of oil. This is showing a break with the past. The first two oil shocks in the Seventies had coincided ...

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