Greece And China Threatening Oil Price Recovery

Μετά την ταραχώδη νύχτα στη Βουλή και περιμένοντας τ' αποτελέσματα του τελευταίου ίσως Eurogroup, πριν από την τελική συμφωνία ή διαφωνία, ας ρίξουμε μια ματιά στο πώς μας βλέπει το τελευταίο  Oilprice Intelligence Report: 

Greece And China Threatening Oil Price Recovery 

It has been an eventful week. Two major financial crises are destroying the bullish case for oil.

The Greek crisis continues, although there...
are signs that some semblance of a solution is at hand. Europe had demanded a new proposal and set this Sunday as the absolute final deadline, ruling out any further extensions. Greek Prime Minister Alexis Tsipras ...
offered a new proposal to European creditors on its debt situation and appeared willing to accept most European demands in exchange for some debt relief.

Greece has asked for a three-year bailout, and will make further concessions on austerity, cutting spending in key areas of its economy. But in perhaps a surprise move, creditor nations are looking at offering some debt relief. The international pressure on Europe has grown, with calls to offer some debt relief to a country that is mired in five years of recession (or depression), has 25 percent unemployment, and cannot pay its bills. Even the European Council’s President, former Polish Prime Minister Donald Tusk, has joined international calls for debt relief, as part of a loan package. The German Chancellor has been adamantly opposed to debt relief, but with the White House leaning on Europe to act, further austerity in exchange for some debt relief offers all sides a face-saving way out of the crisis. That could pave the way for a financial lifeline to Greece, hours before a hypothetical Grexit from the Eurozone.

Meanwhile, Greece announced a 2 billion euro plan with Russia over the Turkish Stream Pipeline, a natural gas pipeline that would run beneath the Black Sea, carrying Russian gas to Europe. Greece’s energy minister announced preliminary plans for the project on July 8, just as Greece was entering into the final days of its standoff with Europe over its debt mess. The energy minister vowed not to be pushed around by Europe, and the move is seen as a snub to Brussels, which prefers an alternative pipeline from Azerbaijan. The Russian-backed pipeline, if constructed, would carry 47 billion cubic meters of natural gas and would begin operations in 2019. However, there are very large question marks about the viability of the pipeline.

Ευθεία σύνδεση λοιπόν των διαπραγματεύσεων με τους δανειστές με τον αγωγό αερίου απ' τη Ρωσία. Και όσοι στην κυβέρνηση κατάλαβαν τι τους έλεγε τόσο καιρό ο Amos Hochstein, κατάλαβαν. Όσοι δεν κατάλαβαν, ας πρόσεχαν καλύτερα τη σημειολογία που αναδίδει ένα τέτοιο όνομα κι ένα τέτοιο επώνυμο.

Όσο για την ανάκαμψη της τιμής του πετρελαίου, που ενδιαφέρει άμεσα το Oilprice, το συμβόλαιο Brent για τον επόμενο μήνα (Front Month Future) έκλεισε στα $58,73 και θα θέλαμε πολύ να το δούμε να μην ανεβαίνει πάνω απ' τα $60, αλλά να ξαναγυρίζει έντονα πτωτικά. Αν αυτό συμβεί, τότε θ' ανοίξει διάπλατα ο δρόμος για πετρέλαιο στα $40, διαφορετικά θα πρέπει ν' αρχίσουμε να ξαναθυμόμαστε περυσινές τιμές. Κι αν έχουμε μπροστά μας δραχμή αντί για ευρώ, οι δυσκολίες θ' αυξηθούν ..


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