The oil prices fell heavily in Asia and in the world after Saudi Arabia had decided to lower its prices on delivery and that Russia is opposed to any new reduction in production.
This crisis is explained in particular by a strong production exposed to a demand at half mast due to the spread of coronavirus worldwide.
Indeed, this Monday, March 9, 2020, the two main oil supply contracts were down 20%, the price of WTI (West Tewas Intermediate) stood at 32 dollars per barrel and that of the Brent at 36 dollars per barrel.
In a weekend, oil prices have just lost 30%. While the barrel flirted with the $ 70 last January, and overrated at $ 45 on Friday, it comes under the threshold of $ 30 on certain markets. It is also found at 29.39 in New York and 33.11 in London.
Tunisia, which has set its forecasts within the framework of the 2020 to $ 65 finance law for the current year, could indeed benefit from this drop, unprecedented since the Gulf War in 1991, if these prices stabilize at these levels.
The production of crude oil of the Tunisian company concessions for petroleum activities (ETAP) experienced an 8% drop in 2019 compared to 2018 with 10,061,051 barrels (BBLS).
ETAP specifies that the drop in oil production of its concessions is mainly due to the poor performances of the Anaguid, Durra, Oued Zar, Hasdrubal, Franig, Sandfa, Rhemoura and Sabria fields, and the natural decline in the production of the Adam and Ashtart fields “.
