Matt Badiali is projecting that the prices of oil will go up very soon. Why is this so? There is an agreement that was signed in 2015 between Iran and other countries. The agreement was to allow Iran export oil to other countries. However, in this year, the United States has pulled out of the agreement. Not only did it pull out of the agreement but it also put sanctions on the government of Iran. The sanction will be maintained up until November. So, how will this affect the price of oil? Iran is one of the top oil exporters in the world. In July 2018, Iran was exporting 2.2 million barrels of oil to other countries, an amount that no other country can supply.
Matt Badiali is looking at the situation and is predicting a dark moment in the near future. With demand for oil going up and Iran being one of the major producers of oil in the world is in shambles, we are likely to see the price skyrocket. In another country, Venezuela. Oil deposits continue to decrease with every passing day, meaning that the world might witness a shortage of oil which will, in turn, be met by a price hike.
On the flip side, China is not going to accept the sanctions placed by the United States and will continue to engage in oil importing from Iran. What will arise is a trade war between China and the United which will lead to only casualty- the United States.
When you follow Matt Badiali, this is the kind of analysis that you will get. He goes deep into the industry to look for opportunities. So, anyone reading this information should be in a position to predict the direction that the market will take.
Matt Badiali is a geologist, and he has been around the world visiting the major oil fields in the world. He understands what impact each one of them could have on the industry. Matt Badiali has also been keen on helping the average investor to make the right investment decisions in order to create wealth.
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