Sunday , May 16 2021

predicts oil price growth of 25%



For market benchmarks, next year the increase will be in line with the increase in dollar, crude oil and inflation

The announcement of an increase in tariffs in electricity and public transport announced on Thursday at the treasury palace complicates what economists think of as the balance between pursuing lower inflation and quieter bets for the next year.

The increase in traffic in the period between December and March will amount to 38%. As far as electricity is concerned, by 2019, confirmed increases would increase by 55% compared to the beginning of 2019, while gas variations would amount to 35% in April.

"The combination of these three components predicts that in 2019 regulated tariffs will increase by approximately 40%, with a total inflation impact of around 4 percentage points and marking resistance to disinflation, "explained Federico Furiase, director of Eco Goa.

In that context, it was well known that oil could rise 25% more during the first semester of 2019.

Nation Energy Secretary Javier Iguacel, who was until Friday, believes that with the tenth increase that has registered fuel this year, he has already attacked a large part of the backlog that has shown this sector.

In the meantime, executives of state YPF share diagnosis: they closed 2018 with the price increase that was able to close their debts that they were striking and ending with a balancing point that will allow them to face 2019 otherwise, according to the profile slogan.

In relation to this table, market commentators estimate that next year lThe increases that will be verified will be more in line with the rise in dollars, crude oil and how inflation can move.

The Federation of Fuel Fuel Paper and Federation Vendors from Fecac have set a stage for estimating how much oil could move in 2019.

Taking into account the value of future dollar deals (Rofex) and Brent Oil (Nymex) and adjustments to fuel tax and carbon dioxide taxation, and assuming that biofuel prices remain unchanged at the level set in November, theoretical values ​​of liquid fuels would increase by 25% by the end of June.

"I think we will lag behind in the next year, but we are positive that we will have more stable increases. We will not have a delay that we have achieved in 2018. Since the announcement of prices in October 2017, the price stabilized but then all the indices jumped, the dollar jumped, the oil jumped and we were very backward. I think 2019 will be a year of logical and foreseeable increase"Gabriel Bornoroni, chairman of the entity headquartered in Cordoba, has analyzed.

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