Saudi Arabia and Russia have suggested an increase in the price of gasoline and diesel, and have already taken a preliminary step in this direction

The final price of gasoline and diesel depends on various factors, such as the cost of raw materials and taxes, but it is also influenced by the law of supply and demand in a highly volatile market. Significant changes are to be expected as major oil producers have decided to cut production.

OPEC+ , led by Saudi Arabia , has announced a voluntary reduction in crude oil production of 1.66 million barrels per day from next May, a measure that could be extended until the end of the year. 'year.

A cup that enjoys the support of Russia

OPEC + took an unexpected decision to cut crude oil production, a few months after a historic cut of two million barrels per day and sanctions against Russia which did not have the expected effects.

The cartel says this new cut is due to the stability of the oil market, and Saudi Arabia will cut production the most with 500,000 barrels per day. Iraq, the United Arab Emirates, Kuwait and Kazakhstan will also cut production, as will Russia , which announced a cut of 500,000 barrels per day until the end of the year.

This announcement has already pushed up oil prices and the price of a barrel of Brent rose by 8% at the start of the week. Meanwhile, China is uncertainly reactivating, but the IEA estimates that its demand for black gold will hit an all-time high of 101.7 million barrels per day this year.

The most pessimistic forecasts indicate that the price of crude oil could return to the path of 100 dollars per barrel facing the summer, which could trigger a new recession.