21/03/2022
[There is a geopolitical premium of at least $20 in oil prices]
The IEA said on Friday that the oil market was in a "state of emergency" and could get worse, days after the agency said in its monthly report that the potential loss of Russian oil supplies "cannot be underestimated"
Fundamentally, the oil market remains tight, said Rob Thummel, a portfolio manager at Tortoise, but "until there is a clearer picture of Russia's ultimate goal, oil prices will continue to be heavily influenced by sentiment and volatility"; he added that oil There is at least a $20 geopolitical premium in the price.
Negative factors affecting oil prices
[A new round of negotiations between Russia and Ukraine will start on the morning of the 21st]
A new round of negotiations between the Russian and Ukrainian delegations will begin on the morning of the 21st local time, Podoljak, adviser to the Chief of Staff of the Ukrainian President's Office, said on March 20, local time. Prior to this, the working groups carried out intensive preparatory work. Ukrainian negotiator Mykhailo Podolyak said in an interview that key issues in negotiations with Russia include: Ukraine's security guarantees, the implementation of a ceasefire, the withdrawal of Russian troops and a political settlement of the disputed territories.
