Oil and gas industry analyst Mikhail Krutkin talks about why oil prices are falling and what to expect now in the Persian Gulf "There are elections in the US, you say? And oil prices are already responding by falling. No, not about the results of the vote and not about the future composition of the Congress. The Iranians and Chinese have lost motivation in their efforts to keep prices high. The Iranians hit the tankers, and the Chinese bought oil strongly and mainly, which stimulated the increase in its price. It can be assumed that both wanted high prices at gas stations in the United States to undermine the position of the Trump administration. And this administration has failed in all attempts (from simulated negotiations with Tehran to a fake "diesel deal" with Putin and a fictitious "energy truce" with Ukraine) to lower prices in the oil market and at American gas stations. These were some light attempts. and short term. Market factors are changing dramatically. The long-term interests of the United States come into play, and these include limiting the market opportunities of oil and gas competitors, such as Saudi Arabia with its OPEC partners and Russia. Chinese influence in the region will also be affected. The Americans no longer need to curb the rise in prices." Read on the Echo website. Buy Mikhail Krutikin's book "The Last Days of the Shah's Iran" on the Echo Books website.

Oil and gas industry analyst Mikhail Krutkin talks about why oil prices are falling and what to expect now in the Persian Gulf "There are elections in the US, you say? And oil prices are already responding by falling. No, not about the results of the vote and not about the future composition of the Congress. The Iranians and Chinese have lost motivation in their efforts to keep prices high. The Iranians hit the tankers, and the Chinese bought oil strongly and mainly, which stimulated the increase in its price. It can be assumed that both wanted high prices at gas stations in the United States to undermine the position of the Trump administration. And this administration has failed in all attempts (from simulated negotiations with Tehran to a fake "diesel deal" with Putin and a fictitious "energy truce" with Ukraine) to lower prices in the oil market and at American gas stations. These were some light attempts. and short term. Market factors are changing dramatically. The long-term interests of the United States come into play, and these include limiting the market opportunities of oil and gas competitors, such as Saudi Arabia with its OPEC partners and Russia. Chinese influence in the region will also be affected. The Americans no longer need to curb the rise in prices." Read on the Echo website. Buy Mikhail Krutikin's book "The Last Days of the Shah's Iran" on the Echo Books website.