All oil tank overflows in the next two weeks, predicts Goldman Sachs. The narrative is Like ground storage facilities, And tankers. Will the OPEC oil deal , which came into force on the last working day of the week, what will happen to oil prices And the dollar - in the material of the Fins news . Last April was the worst month in the history of the oil industry. The demand for black gold has fallen due to a sharp decline in economic activity in all developed countries on the background of the pandemic coronavirus And mass quarantine measures. However, in may, the industry will face another problem. Oil nowhere to store. Last week South Korea announced that its storage tanks full. The same Situation is With the coastal reservoirs of Singapore. in India, the oil refineries are already involved 95% of the capacity for storage. This result is fast approaching Europe: the supply of oil to Germany, France, Italy, Spain And the UK exceeds Demand by 50 million barrels in a week. The us oil hub in Cushing reported that its storage is filled by 81%. "Soon the sad outcome, - concludes the head of the trading operations of one of the largest global commodity traders Gunvor Group, Torbjorn Tornqvist.- Her not months, but weeks." in Oilx, a research organization that analyzes satellite data are adjusted more optimistically: for reviews its experts, the containers will last for another five to six weeks." All overflows Only at the beginning of the summer, " said the analyst Oilx Florian Thaler. in the form of floating storage tankers are used. By results of examination of the Saudi state oil organization Saudi Aramco, this function is currently performed every tenth tanker of the VLCC class, able to take on Board up To 2 million barrels. Only in the waters of Singapore is drifting 160 such storage, off the coast of California - more than forty, off the coast of North-Western Europe - 30. Only for storage of oil used 350 supertankers around the world." The floating capacity is also over - warns chief analyst of the portal Markets. Com Neil Wilson.- And the lumen is not visible ". The prospect of one - stop fields. Where This is not possible, it will be necessary either to pay to consumers, so they took the Oil, or just burn it. All hopes for the agreement of OPEC . Friday world oil production was cut by 9, 7 million barrels per day. However, analysts say: this a little bit. according to estimates by Goldman Sachs, the beginning of the second half of may, Demand will fall by 18 million barrels, that Is, the imbalance will not disappear. And That's the most optimistic estimate. Analyst Firm Rystad Energy expects the increase of demand by 20 million, and the trader Trafugura - 35. The situation will start to improve only in the 2nd half of the year." in may, Demand will reach the bottom, and the supply will decrease As U.S. drilling stop - emphasizes the chief analyst of trading organisations Avatrade, Naeem Aslam.- By the end of April the number of operating oil rigs in the US reached a four-year low, declining by 40%. It has a positive impact on the market." according to specialists, the largest Swiss Bank UBS, summer prices for petroleum products stabiliziruemost, and in the fourth quarter Brent will be quoted a more expensive $ 40. "Even there lack of, since the quarantine in developed countries will cancel, And the Demand for fuel will increase very quickly ", - the Director for investments of the UBS mark Hafele. Russia to survive the crisis helps China. According to the customs service of China, in March, the Russian import increased by 31%, To 1, 66 million barrels per day, which is Only 72 thousand less supply from Saudi Arabia. There is a real chance to overtake the Saudis in may: far Eastern port of Kozmino where Oil enters the pipeline and expects to export 3, 2 million tons - 200 thousand more than in April. And most of them in China. "The economy is recovering, the refinery opened And I have an opportunity to process foreign raw materials," says Yang Chun Yao, Director of research And projections of crude oil in Asia in Refinitiv. according to Refinitiv in March, China bought 44, 9 million tons of oil (March - 39, 8), and in April And may, the figures must be even greater. in the EU the Situation is more complicated because of outright dumping of Saudi Arabia. Riyadh has made the initiative to the Europeans, its Oil at the price of 10, 25 dollar below Brent price. However, the crisis of overproduction hit hardest by the oil, Because in the background of the pandemic global Demand fell most in generated from gasoline And aviation kerosene. Heavy varieties such As our Urals crude, more in demand, because of the higher output diesel, which is currently needed more fuel. Even Poland, not long ago who said that in April And may would not buy Russian raw materials, are unable to do without the Urals. As said last week the portal navigation Marinetraffic, 30 APR tanker Rivera delivered more than 100 thousand tons of crude oil from Ust-Luga in Gdansk. Expediency won another victory over political declarations: Polish refinery is designed to process Urals, so Saudi Oil ought to be mixed With Russian. After the March collapse of the oil market, the Russian currency is very sensitive to price fluctuations. As in may, the situation will remain challenging, the overwhelming majority of experts expect a rate of around 75 rubles per dollar. Positively can affect the further easing of monetary policy the Bank of Russia And the reduction of the key To 4. 5% in may." This will serve as a good incentive to save the interest of non-residents To the Russian debt instruments, especially BFL, which, for its part, will support the ruble exchange rate is in the medium term strengthened To 70-71 per dollar ", - emphasizes the analyst of the "Finam" Sergey Drozdov. at the same time, Western analysts see greater risks associated With the abolition of quarantine in many countries." The second fifty percent of may is an important milestone for the ruble, warns Nordea Bank.- If followed by a fresh flare-UPS, the appetite For OFZ in the trading markets may be lost ". Investors again start to sell off Russian assets, And the dollar will come back in the range of 75-80 rubles. <span style="color:darkgray