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Anwowerev prices and renewable energy to worry about the oil industry
4/3/2017 0:00
[rtl]Capitals / follow - up to the morning
despite Machdth final months of the altitudes where the price of a barrel of oil Nahz $ 58, but there are a number of risks still worry about the oil industry officials around the world. Agreement has contributed (OPEC) to cut production to raise prices, though, according to a report published by "MarketWatch" global citing Vice Chairman of the Board of Directors of "statoil STL" Norwegian Energy Wins Auckland, recently, these risks are costs, renewable energy, political changes.
Costs
admitted oil industry officials by allowing costs to spiral out of control when oil prices were $ 140 a barrel, it has jumped run facilities "BP" oil costs in the North Sea "72 percent between 2000 and 2013, due to the project management cost and lower exploration and requirements for additional documentation productivity, In light of the sharp drop in prices, it has become imperative for everyone to reduce costs amid expectations of further decline because of US production recovery.
Linz Auckland energy expert and the Norwegian he said that energy companies have already begun attempts to reduce costs and expenses after falling prices with expectations of further cuts to maintain competitiveness.
energy renewable and
climate change
away from the glut of global supply that haunt the oil companies, there are serious threats from renewable energy, at a time when many expect the high demand, but the majority of the needs Stsdha renewable sources such as wind and solar power.
estimated the company "BP" British nearly half of the expected rise in energy demand around the world will come from renewable sources rather than fossil fuels, and that by 2035, will increase the energy mix to 10 percent from 3 percent now.
Political changes
another factor is looming on the horizon , a potential policy changes in America because of the demand the new administration to impose limits of a tax on companies that import their products from abroad to the domestic market in the country.
According to the proposed border tax law, energy companies expect to impose large taxes on imports , while exports will be exempt from customs, including that America consumes five oil produced globally, this tax will pay the price in the country towards the top of what constitutes a huge pressure levels.
Over time, there is a lot of this scenario , which would pay producers in America about a price war to find buyers for crude, used to sell to the United States.
At the same time, there are political risks come from the repercussions of Britain out of the European Union "Brixt" and the growing populism in Europe with the emergence of candidates controversial, as well as developments in emerging markets , as the political risk may directly affect the supply and demand for crude.
Auckland reported that this year will witness the economic and geopolitical developments will result in unknown factors will have an impact on the oil market.
Rising prices
and after agreement (OPEC) last last November to cut production
to about 32.5 million barrels a day
starting from the first January 2017
for a period of six months, has shouldered
Arabia the largest reduction in production within OPEC, as agreed to reduce output by 486 thousand barrels a
day, and then Iraq by 210 thousand barrels per day, the UAE and 139 thousand
barrels per day, Kuwait 131 thousand barrels per day, along with limited cuts from other members, also participated in the reduction of countries outside the (OPEC) , most notably Russia.[/rtl]
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