Oil declined below $ 65, a blessing for consumers and a burden on producers

US President Donald Trump, the customs of the customs, and his call to continue to extract oil, and the OPEC Plus decision to increase production shares, in the decline in crude prices unprecedentedly since the Kofid-19 epidemic, and while it is positive for consumers, it is not for the producers, according to analysts.

The price of a barrel of “Brent crude” is currently the reference of the North Sea at the international level, less than 65 dollars, much less than the $ 120 threshold, which he reached in 2022 after the Russian -Ukrainian crisis.

Economy expert at the British Economy and Business Research Center (CEBR), Bushin Singh, said that the decline in crude prices increases the level of available income that consumers spend on luxuries, such as entertainment and tourism. He added to «France Press», that this helps reduce the cost of transportation and manufacturing that can help, in the medium term, to reduce the prices of consumer goods more.

For his part, the analyst at Raystad Energy, Jorge Leon, said that “the price of a barrel of oil is $ 60 or less, will not be great for shale oil producers.”

Companies that actually extract shale oil and gas have declared a reduction in investment in the Bermean basin between Texas and New Mexico.

As for the OPEC Plus coalition, it varies the ability to adapt to low prices, as the official in charge of the basic commodity strategy of Saksu Bank, the first of which is Hansen, expected that “the long -term winners are likely to be the major producers (OPEC Plus), especially in the Middle East, at a time when these people regain stakes in the market they lost since 2022, when they started a voluntary reduction in For production, but it directly affects countries such as Iran and Venezuela, whose economy depends greatly on oil revenues.

The price reduction environment in Nigeria, but Goyana is not affiliated with OPEC, which has registered more growth in recent years thanks to the discovery of oil, may face the risk of slowing its economy.