Closing course: Oil prices further fell on Tuesday, undermined by the prospect of an imbalance between supply and raw demand, and little shaken by the repeated threats of Donald Trump against India.
The price of a barrel of Brent BRENT Brent or crude northern sea, is a variation of crude oil acting as a reference in Europe, listed on the intercontinentalelexchange (ICE), a stock market specialized in energy trading. It has become the first international standard for setting oil prices. of the North Sea, for delivery in October, lost 1,66% has 67,64 dollars.
Its American equivalent, the barrel of West Texas Intermediate, for delivery in September, dropped 1,70% has 65,16 dollars.
“This is a convergence of lowering factors linked to the concerns about demand“, ROUSUME AUREPRY THE L’AFP Stephen Syster, the shark Group.
The market thinks that “The global supply could exceed demand by the end of the year, which could lead to an accumulation of stocks“Explains John Plassard, analyst at Cité Gestion, in particular due to the recent increases in production quotas for the organization of oil exporting countries and its allies (OPEC+).
Ryad, Moscow and six other cartel members announced an increase in their “production of 547,000 barrels per day in September 2025 compared to the level of production“scheduled for August.
Another point of concern vis-à-vis the demand, according to Mr. Schork, the market found itself in front of “A series of bad news“Economically, especially in the United States, the leading country consumer of black gold.
Last Friday, official figures have shown a deterioration in conditions on the American labor market in recent months.
The activity in the Services featured in July, at a lower level than anticipated by analysts, according to the index published Tuesday by the Professional Federation ISM.
The operators also ignited new threats from the American president to India, with a possible increase in the surcharge of 25% that he plans to set up against the country.
Donald Trump reproaches New Delhi to buy fromLarge quantities of Russian oil“And not worry”the number of people who are killed in Ukraine by the Russian war machine“.
“If India ceases to import Russian oil, it would make much more difficult for Russia to sell its oil and reduce world supply“, Anscites Arne Lohmann Rasmussen, analyst at Global Risk Management.
“The market (…) understood that it is simply a Trump negotiation tactic and that it rarely puts its threats“Comments Mr. Schork, however.
(C) AFP
Commenter Oil falls, operators fear a drop in demand
Community barrel price
