the global price of oil plummets, then toppexportören, saudi Arabia lowered its prices. However, whether or not it is directly related to the reduction in the price of petrol is hard to say because so many factors come into play, such as the exchange rate, and demand.
“ many of the major drivmedelsbolagen in Sweden, reduced the price by about 35 cents per gallon. However, it is not possible to say whether there is a direct correlation between the drop in the price of oil and the drop in the price of petrol. There are a lot of factors that have an impact, “ says Johan Andersson.
it will continue to depend, like so much else, including, among other things, on the development of the new coronavirus. At the weekend, new details about the major parts of the north of Italy been placed under quarantine, which adds to the uncertainty.
“ It’s difficult to predict how long it will continue. Let’s say that the market demand can, and that the coronavirus is from; when the prices rise again. However, it is probably not in the near future, so this prisrörligheten we have seen, it will probably keep going up and down in the närtiden.
his forecasts that prices will stabilize in the near future, but prisrörligheten is going to continue at least up to the late spring.
“ Globally, that’s usually the demand for the products increase, the time. If nothing else, maybe it’s the low prices now, then it will return to normal levels.
also , oljeanalytiker at Nordea bank, believes that the main reason is that the price of petrol is falling, so much is, first and foremost, that the coronavirus has affected the demand for oil, particularly from China, which is one of the world’s largest importer.
She also highlighted the reduction in the international trade of goods, and the consequent demand for the fuel, for example, air and sea, and in the wake of the coronavirus, which is a factor as well.
According to Thina Saltvedt, there are four primärfaktorer, which resulted in a decline in petrol price: the price of crude oil, the Swedish krona, the value of, the discord between OPEC and Russia, as well as the virus.
„No one knows for sure how long the low prices last,“ she said.
for more information, see the price of Oil is plummeting sharply.
