The Oil market has collapsed, prices, after negotiations leading Oil-producing countries via a throttling of the flow rate to stabilize the Oil prices have failed. The prices for fuels at Swiss stations but depend on many other factors. The gasoline is thus for the time being hardly any cheaper.
In the Wake of the worldwide taumelden exchanges because of the Coronavirus-crisis as well as due to a dispute of the oil-producing countries, Oil prices at the start of the week fall in the basement. On Monday, the crude oil rates suffered the biggest percentage decline in almost 30 years. The prices for crude oil from the North sea and U.S. Oil fell temporarily by more than 30 percent.
One Barrel (159 litres) of North sea Brent hit a last 32,83 dollars. The price was 12,44 dollars lower than on Friday. The price for American crude oil of the variety WTI fell to 12,44 dollars on 28,84 dollars. Such a crash was last seen at the outbreak of the Gulf war in 1991.
the petrol and diesel prices in Switzerland don't move immediately, is due to the fact that the price at the gas station is only in part determined by the price of crude oil. A good half of the litre price consist of the mineral oil tax, the Petroleum surtax and import taxes.
sales, procurement will be Added, and freight costs. At least the procurement costs, are now fallen rapidly. Since the pump price, but it depends of many other parameters, the consumer costs in this country only with a relatively low fuel savings expected.
companies suffer more
The price fall in Oil is reflected, meanwhile, is much clearer on the share prices of Swiss industrial corporations such as Sulzer. The Sulzer-papers lost shortly after the start of trading for around a quarter of its value and marked at 58 Swiss francs, a new multi-year low. They had, in the meantime, the trade is exposed.
Sulzer 2019 were more than a quarter of the revenues from the Oil and gas business. (fal/sda)
Created: 09.03.2020, 11:09 PMUpdated Date: 09 March 2020, 14:02