Why Is Oil Priced The Way That It Is?

oilprice2022-07-14

General misunderstandings of how the oil market works are running rampant.Oil isn’t priced the way that it is because of greedy corporations, but because of something much simpler; supply and demand....

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Comments

  • Chh_2819
    2022-07-15
    Chh_2819
    My question is not of how the oil is priced, but how the article is planned and presented to public, and why it appears at this time. Is there anyone want to do something when they feel the public motion against the high price?
    • BerthaAntoinette: 
      Where is the article? Maybe you need to attach the link. And in my opinion, the oil price may not down in a short-term. 😰
    • HarryCox: 
      Where is the artical?
    • WebbBart: 
      I think oil price will drop!!
  • JcJc
    2022-07-14
    JcJc
     Good 
  • LuckyPiggie
    2022-07-14
    LuckyPiggie
    Cutting oil price helps inflation but will cause many oil companies to cut back production. If earning is not enough to recover losses and for future expansion , who will want to increase operation cost. As the author wrote, supply and demand. Cant run away from that . 
  • lowniu
    2022-07-14
    lowniu
    Yeah
  • beibeiliu
    2022-07-14
    beibeiliu
    Good article 👍 
  • badumdum
    2022-07-14
    badumdum
    Same argument they used in 2008 - supply and demand. Price went right up to USD150 and crashed subsequently. Why? Speculation. That's how the price in the futures contracts get bid up. Russia produces only 13% of the entire world supply. And price of oil just more than doubled from pre COVID levels and went up to USD130 before simmering a little? In any case, we shall let the price action determine where this will land. Stage 3 moving into Stage 4. If history serves right as a reminder, this is not going to look pretty.
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