US wants to derail the global oil market

The situation is complicated by the conflict between the United States and Saudi Arabia over the murder of journalist Jamal Hashukji. Trump expressed dissatisfaction with the way Riyadh is conducting this case, and did not rule out sanctions against those responsible for his death.
“Aggressive and unpredictable American policy, attempts to grab everything at once, regardless of partners or long-term own interests, lead to such peak fluctuations, but they are not beneficial to anyone, including Russia,” the Deputy Director problems of oil and gas of the Russian Academy of Sciences Alexey Mastepanov.
On the one hand, high prices are good for the budget. Now all the oil and gas super-profits (those that are above the budget set at $ 40.8 per barrel) are sent to national reserves. But there is a downside.

For the economy, it is not peaks that are important, but the level at which prices are able to consolidate for a long time. The problem is that the expected one hundred dollars per barrel is not justified by market situations - neither by demand nor supply. All this is the result of geopolitics and actions of Washington, aimed at disrupting the balance of the oil market.
In the case of strong distortions, the mechanisms of a competitive economy come into play. Importers will not want to buy oil at an inadequately high price and will start looking for an alternative.

"The more expensive the oil, the stronger the desire to replace it with something. It can be shale oil, to some extent gas, to some extent electric cars. The higher the price, the more urgent the substitutes. As a result, the demand will decrease, and time will reduce prices, "- says Sergey Hestanov, Advisor to the Director General for Macroeconomics" Discovery Broker ".

Experts say the economically reasonable level of oil prices is the range of 65-80 dollars per barrel. This level is most useful for the Russian economy, as it stimulates the development of non-primary industries and does not repeat the mistakes of the past. It’s another thing that little depends on Russia right now.
“Unfortunately, objectively Russia practically cannot influence the destabilizing processes unfolding at the moment. It is important to understand them and prepare for them,” notes Mastepanov.
Failures of oil to $ 40 per barrel are also not justified by the market, but economists shrug: based on US policy, this cannot be ruled out.