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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The collapse of oil prices stoke geopolitical tensions in 2015

    wciappetta
    wciappetta
    wciappetta
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    • Post n°1

    The collapse of oil prices stoke geopolitical tensions in 2015 Empty The collapse of oil prices stoke geopolitical tensions in 2015

    Post by wciappetta Wed 17 Dec 2014, 8:21 am

    The collapse of oil prices stoke geopolitical tensions in 2015 


    London / a. P. B. 


    Sticking to the level of production, OPEC wanted to send a message that it will not last and alone in bearing the burden of reducing production in order prices experiencing a surplus in supply exceeds demand.


     The decline in prices as a result of a number of concurrent factors, including shale oil revolution or schist in the United States, where he recorded a surge in production, and the return of a number of producing countries to markets such as Libya, weak consumption against the backdrop of slowing economic growth in China and non-existent in Europe, and others. It is expected that oil prices will remain weak in 2015 due to the continuing surplus in the world premiere of what could be fueling the differences between producing countries from OPEC countries. And calls for Venezuela to reduce OPEC production in Saudi Arabia oppose it refuses to continue to carry the bulk of the promises to reduce the production of the cartel.


    Is also expected to result in lower oil prices to increase tensions within the countries that rely on oil revenues, such as Iraq, where expert warned geopolitical affairs Energy Aspkedz Richard Mallinson that if the economy is deteriorating, it may reflect negatively on the government, which is trying to respond to regulate Islamic state . Will be further complicate the situation in the event of escalating Iranian influence and the expert said Olivier Jakob of Petromatricks that the company "Iran is gaining more influence and the two countries together have Anavsan Saudi production over the coming years." 

    However, it all just keeps possibilities because the US Congress may see scope to tighten international sanctions imposed on Tehran, which has reduced its oil exports by half. Is not that the balance of supply and demand may begin parity in case began falling prices affect the supply and demand encourages. In particular, it is expected that the low prices paid to producers to reconsider their investments Komstzpennek experts have said the low prices "will affect the profitability of a firm in a lot of producers (the Americans)." The record US production substantially increased in recent years thanks to schist oil, which is the cost of extracting the highest and figures indicate that the number of new licenses began to fall in the autumn if the country is experiencing a slowdown in demand growth, not decline the request. 

    On the other hand sees Mallinson "It is not unlikely that the reduced OPEC production, "provided that the producing countries outside OPEC to take a similar decision. It remains less likely decline in production both in OPEC countries or countries outside OPEC. In Venezuela, the effects of declining oil revenues severely strained in the social and political climate. As for Russia, weakened by Western sanctions and the collapse of the ruble, has deliberately cut production due to lack of investment. In terms of consumption, the drop in prices is supposed to encourage demand and increase the intensity of ground and air traffic even led to an increase in greenhouse warming gas emissions, before a crucial international meeting on global warming at the end of 2015 in Paris. 

    Barclays Bank as well as the expected acceleration of increased Chinese demand next year as it will use the first oil consumer in the world crude low prices to increase his stock. But in aggregate Fawad Rizk Zadeh warned Forqs.kom company as "may expire months and perhaps even years before that shows the effect of lower prices on the global economy," especially with the uncertainty surrounding the global economic growth. Even if the resulting decline in prices to stimulate consumption, oil inventories high level to the extent that the impact on oil prices will not appear until the second half of 2015 opinion Mallinson. 

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