International Expert: Oil prices are subject to the next meeting of producers

by **Rocky** Fri Mar 18, 2016 3:58 am

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International Expert: Oil prices are subject to the next meeting of producers

by Rocky Fri Mar 18, 2016 3:58 am

International Expert: Oil prices are subject to the next meeting of producers

3/17/2016 0:00

[rtl]
BAGHDAD - Hussein al - Tamimi Tgb
seemed clearly a need to counter the glut of global oil market after the sinking by anumber of international players , especially countries «OPEC» for individual motives multiple and for some reason in regards to maintaining a share of the Organization.
International energy expert Mustafa Abdul - Hussein , he said: «The producers seek to overcome falling prices by the end of the stage, and perhaps sooner relating to themeeting to be held between several producing countries inside and outside theorganization in the last third of this month has contributed to today resurrected hope of price recovery , even a certain degree compared by the sharp drop for the month ofJanuary of this year » , pointing to the lack of interest among all producers are constantly the situation as it is , or increase the supply , which will lead to further price declines ,despite signals that launched before time soon on the arrival of those prices to thebottom rung ( the price at which amounted to about US $ 25 a barrel over the past month ), which means you can not return to it , but maybe in the next price cycle. rigsand pointed to the importance of a correction is possible in price over the freezing of the increase , especially after the decline in US production and lower the number of rigs to the high proportion since 2009 despite the presence of a reserve Stockpile unprecedented to the United States since eight generations and an upward growth continues, referring to the dwindling US crude production to 9.08 million barrels per day during the past six weeks, while the reserve has doubled to 518 million barrels, thehighest since 1930, as confirmed by the US energy Information administration «EIA» .economic diversification Abdul - Hussein , said: «can no longer majority of producers theability to cope with the economic and social crisis caused by the collapse of prices ,especially those countries that do not have the economic diversity that avoids, it has become adapt to the subject of policy adjustment is required social sacrifices the ability of many producers to submit particularly accustomed to its citizens on the rentier economy and the dilemma of dependence on oil and only one product to supplement thebudget with an obsession to maintain the financial reserve sovereign «sovereign financial reserve» which is the prejudice of the signs of the collapse of any country 's economy ».cost pressure and stressed that the producing countries that possess backed financially sovereign tremendous are suffering are the other due to operational costs pressure and the policy of tempering took place the burden on the citizen and the continued support and government subsidy «governmental Subsidies», entails a comprehensive review may realize its content policy - makers and decision, but do not find their way to the ordinary people who return their governments to dependence on the state provides everything ,especially in the field of employment opportunities in the public sector. infrastructureAbdul Hussein continued , saying: «at the same time become many infrastructure sectors of energy development projects with no implementation, which contributed to thestagnation of investment events a huge number of international companies has led to cancel thousands of jobs , and having to lay off workers, and this reflects a future fraught with the dangers of non - development of those sectors , especially in the areas of oil and gas producers Ohvurien despite the relentless pursuit to provide renewable energy alternatives that do not seem to be resolved replace them for decades to come ». Price downs and between it and through monitoring situation market and the status of many of the producing countries , the economies in terms of not being able to find solutions to the problem of the low number of rigs «Rig Count» in the shale oil industry , perhaps because of the price decline and massive success of the traditional rival in maintaining its market share despite the critical landing , which in turn brought times painful for thefaint - producing countries who have not established the policies of savings and Box long - term in order to protect their economies nationalism, noting that it reflected negatively on their budgets, and those countries fall within OPEC and outside , so are suffering severely from a severe deficit necessitated the search for alternative options, although the timing is not critical some of them have (especially the Gulf states ,regardless of the burden of raging to Saudi Arabia and the UAE regional wars budget limited to ), as Saudi Arabia are considering the tendency to float a policy on theexchange of national subsidiary giant «Aramco Aramco» within step IPO «initial public offering» or the so - called «IPO» budget policy Abdul - Hussein pointed out that thepicture is clear for a common interest for all, especially after the entry of a big country like the United States of double budget policy between the promise of a producer and aconsumer at the same time, as well as to countries weak OPEC sunken economy Rei chronic albeit some of them amount of sovereign financial reserve to enable it to cope with the regional military adventures , even in a while, and also Russia , which supports domestic production gross «GDP» on oil significantly, as well as Canada, Brazil and therest of the producers, international oil companies , which is now to worry about the prospects of its projects and the number of workers has been specialized in dealing with fossil energy is difficult in the short term and even medium replaced with dreams ofrenewable energy and costs both in terms of the size of studies, and the costs ofbuilding giant facilities covering needs and rising demand for energy in the world. all you aspire to human is not only a global peace energy guarantees from which supply safe away from politics and Olaaebha schemes, the recent drop in prices has brought about acatastrophic failure of the attempts of some producers abused their partners Balrcn to the policy of not calculated bone loss behind it to everyone, as well as attempts to defeat a rival product conventional crude Baltae to perceive may have been lacking in prudence on raw unconventional ( rock) on drilling costs, it has become a competitor, although I prefer to use the word «involved» and promised an important player in the prospect offuture energy industry.[/rtl]

[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=112576
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Established in 2006 as a Community of Reality

International Expert: Oil prices are subject to the next meeting of producers

International Expert: Oil prices are subject to the next meeting of producers

International Expert: Oil prices are subject to the next meeting of producers

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