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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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    Expectations of the recovery of oil markets to balance in 2016

    Rocky
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    • Post n°1

    Expectations of the recovery of oil markets to balance in 2016 Empty Expectations of the recovery of oil markets to balance in 2016

    Post by Rocky Wed 13 Jan 2016, 4:37 am

    [You must be registered and logged in to see this image.] Expectations of the recovery of oil markets to balance in 2016

    of Wednesday 13/1/2016 0:05
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    / Agencies / Baghdad news 
    experts say that the future direction of oil prices during 2016 will depend 
    to a large extent on the affected largely stagnant in the biggest consumer of global demand, the United States, China and Japan, and is expected to specialist report that the rising price of a barrel of oil to $ 58. 
    A report economic specialist that "the hope of re-balance global oil markets during 2016 is still in place," expected "Achieving the crude oil price of Brent crude to around $ 58 a barrel." 
    The report issued by the Diplomatic Center for Strategic Studies in Kuwait that "despite the exposure of oil setbacks serious, but there are expectations of many analysts confirm the price increase by about $ 20 above prevailing in the spot market values. 
    "The report said that" the central question in determining the future of oil prices this year is "the extent of the steadfastness of the OPEC countries for the implementation of its strategy to increase pumping more of oil at a time when suffering budgets of large fiscal deficits not seen in a long time ago. 
    "The report noted" impatience of producing countries, making it back down on that strategy with the decline in the volume of investment in many oil projects that enable them to explore and produce more oil . 
    "And that," in the same manner, it is expected to complete the United States march towards the production of more oil at these low prices, "stressing that" rock drilling rigs in the United States fall down to the face of declining profits. 
    "The report continued," It does not say here to stop drilling operations in America means failing to price-based war, but it makes sense for the government to halt its investments unprofitable at a time when prices are falling and then to pump more investments at a later time during which the price goes up. 
    "He said that" in theory and the prevailing So far in global markets found that the future direction of oil prices during 2016 will depend to a large extent on the affected largely stagnant in the biggest consumer of global demand, the United States, China and Japan, "pointing out that" the factors of economic growth and investment returns and risks of geopolitical influence on prices . 
    "He predicted that" witnessing the United States during the first quarter of 2016 another rise in interest rates to continue quantitative easing by Europe and Japan, but there is a slowdown of growth in China. 
    "He said that" after giving the OPEC meeting in December 2015 little hope to improve the oil prices and the continued production at levels above the barrier of 30 million barrels per day, but that Iran will not be able to return to full production in the current year in light of the deterioration of the infrastructure and a slowdown in oil investment. 
    "The report noted," Director General of the National Iranian Oil Company, which statements in which he said that the increase in the country's crude oil exports as soon as the lifting of sanctions imposed on it depends on global demand for crude in the future, what prevents falling further price. 
    "He said the" determining export volumes are highly dependent on the development of the market in the future, and here it seems that Iran would be very careful to avoid a further decline in world prices, which gives more confidence to investors in the oil field. 
    "The report said that" sanctions have reduced Iran's oil exports to about 1.1 million barrels per day, compared to 2.5 million barrels per day by 2012, "pointing to "Even if I could Iran to return to the same level, this would be at least starting from 2018 after the pump more investments in the restructuring of the infrastructure have." 
    He stressed that "speculation rising oil prices in the current year supported by expectations of lower oil investments Global and gas to the lowest level in six years to reach $ 522 billion in 2016 after falling by about 22 percent to $ 595 billion in 2015 ". 
    He noted that" a lot of technical analysts expect a recovery in prices in global markets by the end of 2016 amid declining surplus of oil supply in the world markets, particularly in the United States, which is currently experiencing a slowdown in drilling low oil revenue activities, "pointing to" the deployment of US producers such as Chevron and ConocoPhillips plans to cut their budgets for 2016 by a quarter. 
    "The report cited the latest research note issued by the Investment Bank American (Morgan Stanley), published before the festival Birth under the title (the winds of the opposite of oil prices in 2016), which explained where that "the hope of restoring balance in 2016 still stands, despite the possibility that oil serious setbacks." 
    He said that "there are expectations of many petroleum analysts said that the average Brent price forecast for the current year up to about $ 58 a barrel, any more than about $ 20 above the prevailing spot market values. "
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