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Understand What Influences Oil Prices Today

Written by Daiane Souza
Published on 25/04/2022 at 14:08
Entenda o que influencia o preço do petróleo nos dias atuais - Fonte: Pixabay
Entenda o que influencia o preço do petróleo nos dias atuais – Fonte: Pixabay
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Currently, several aspects may infer about the price of oil and the scenario has been increasingly complex each day. In summary, some aspects that determine the variations in commodity prices, including the item in question, are related to geopolitical issues and even stock levels in developing countries. 

Nowadays, it is known that until the year 1970, the Organization of the Petroleum Exporting Countries (OPEC) would have a strong influence on the price of the commodity. However, this stopped happening later, and several other aspects were determining the factors that increased and caused the drop in the prices negotiated by Petrobras and, globally, regarding barrels. 

Today, it can be said that climatic and logistical factors are causing significant impacts when it comes to prices. And, of course, this is directly affecting consumers’ wallets. 

Managers Explain What May Be Causing the High Peak of the Price of Oil 

YouTube video

Everything Has Been Intensifying Right After the 2000s and China Has a Strong Role in This 

Since the year 2000, China has been innovative in new area production and oil engineering investments, which made the item even more valued and hyperinflated for consumers.

Until then, Brazilians were not as affected due to the fact that Petrobras was not allowed to change prices as predicted by the external market. However, it was after the year 2016, with Temer taking over the administration of the country, that projects were approved that changed the reality. After the approval of a bill, Brazilians began to feel even more impacted by the effects caused in the external market.

But Brazilian laws are not the only ones that influence this. A clear example of American investment in oil was the American shale, which made the sector even more strained and heightened.  

The conflicts occurring between Russia and Ukraine caused prices to rise to over US$ 140. The political war has been ongoing since the end of February and, for example, there is still no forecast of when it will end. However, it is known that it is expected to conclude only when the Ukrainian president accepts the demands imposed by Putin.

 The IBP has already requested that prices in Brazil not be spiked with the external market as an attempt for Petrobras to profit. Thus, it is becoming increasingly possible that various sectors will see job creation when it comes to civil engineering. 

Higher Oil Prices Push Gasoline to Surpass R$ 7 

In Santa Catarina, it is estimated that the price of oil is already above R$ 7 and that the price of Premium gasoline may reach double digits by the end of 2022. The price explosion has been occurring since 2021, when there was an increase of at least 55% on gasoline prices.

 Truck drivers have threatened the government with strikes several times, but without success. According to the sector, it is necessary for all citizens to take to the streets instead of only those working with fuels. Last year alone, three strikes officially occurred. 

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