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[rtl]History of edits:: 05.16.2016 16:53 • 199 visits readable[/rtl]
{International: Euphrates News} Oil prices rose on Monday, with the growing incidence of production disruptions in Nigeria, and after the Bank of {} Goldman Sachs said, "The oversupply has ended, although the market has turned into a deficit."
The price of the global Brent crude blend {Brent} futures to $ 48.79 a barrel by 13:03 Moscow time , up 96 cents , or 2.01%.
The price of WTI US mediator by 96 cents or 2.01% to $ 47.14 a barrel, marking the highest level since October / October.
resulted in cases of production disruptions around the world, and that stopped thesupply of 3.75 million barrels a day to get rid of the oversupply, which lasted nearly two years, and led to falling prices by about 70% between 2014 and early 2016.
the production disruption to radical change in the outlook {Goldman Sachs}, who has long warned of reaching the global storage capacity maximum, and a new collapse in prices to below $ 20 a barrel.
he said Goldman Sachs, " the market has shifted from near saturation of the storage capacity to a deficit early in the much higher we were expecting. "
he said the investment bank was" probably turned the market to record a deficit in may .. thanks to sustained strong demand, and a sharp drop in production. "
However, Goldman warned that the market could see a surplus again in the first half of next year, adding " the prices approaching $ 50 a barrel in the second half of 2016 will lead to increased exploration and production activities." Ended h
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Oil prices heading towards $ 50 a barrel
[/rtl][rtl]History of edits:: 05.16.2016 16:53 • 199 visits readable[/rtl]
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[rtl]{International: Euphrates News} Oil prices rose on Monday, with the growing incidence of production disruptions in Nigeria, and after the Bank of {} Goldman Sachs said, "The oversupply has ended, although the market has turned into a deficit."
The price of the global Brent crude blend {Brent} futures to $ 48.79 a barrel by 13:03 Moscow time , up 96 cents , or 2.01%.
The price of WTI US mediator by 96 cents or 2.01% to $ 47.14 a barrel, marking the highest level since October / October.
resulted in cases of production disruptions around the world, and that stopped thesupply of 3.75 million barrels a day to get rid of the oversupply, which lasted nearly two years, and led to falling prices by about 70% between 2014 and early 2016.
the production disruption to radical change in the outlook {Goldman Sachs}, who has long warned of reaching the global storage capacity maximum, and a new collapse in prices to below $ 20 a barrel.
he said Goldman Sachs, " the market has shifted from near saturation of the storage capacity to a deficit early in the much higher we were expecting. "
he said the investment bank was" probably turned the market to record a deficit in may .. thanks to sustained strong demand, and a sharp drop in production. "
However, Goldman warned that the market could see a surplus again in the first half of next year, adding " the prices approaching $ 50 a barrel in the second half of 2016 will lead to increased exploration and production activities." Ended h
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