[size=30]A sudden shift .. giants of investment banks in the world: The era of cheap oil[/size]
The era of cheap oil, at least that's what he says, "Goldman Sachs", one of the largest investment banks in the world, he told his clients that the oil market is facing a shortfall in supplies this month, after two years of oversupply continued. The bank said it expected higher oil prices, bringing the price of a barrel to $ 50 in the second half of this year.
As US crude oil price rose by 1.8 percent, on Monday, bringing to more than $ 47 a barrel, the highest level in more than six months. And Goldman Sachs analysts said in a note that their research "oil market saturation moved from warehouses to suffer from a deficit in supply much earlier than we expected."
The investment bank added that the supply disruptions as well as increased demand from India, China and Russia, was behind the sudden shift, analysts noted that the "re-balance the actual oil market has finally begun."
It is noteworthy that the bank last year, said that prices could fall to $ 20 a barrel, although oversupply will continue until the end of 2016. Prices have dropped to just over 26 dollars a barrel over last February, the lowest level since 2003, before it starts to appreciate Sharp. But until March / last March, described the "Goldman Sachs" the surge in oil prices as "premature" and "unsustainable".
But all of this has become in the past, as the investment bank giant says that the supply disruptions following events such as the attacks on the gas pipeline in Nigeria line and forest fires in Canada caused a contraction of the global production of two million barrels per day in the past two weeks alone. It is expected, "Goldman Sachs" that the average price of a barrel up to $ 45 during the current quarter of the year (April / April to June), rising to $ 50 in the second half of the year.
Even so, "Goldman Sachs" is anticipated only a gradual decline in world oil glut, as analysts said: "We expect that the return of some of these cuts, as well as height of the Iran-Iraq production would offset the current shortage on pending cases in Nigeria and the expectation of higher demand," adding that prices have fall to $ 45 a barrel at the beginning of next year, before it reaches $ 60 by the end of 2017. jh