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[rtl]History of edits:: 9.15.2016 8:10 • 195 visits readable[/rtl]
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{International: Euphrates News} latest report pointed to the International Energy Agency, to invest in the oil and gas sector fell to its lowest level in 60 years, is a threat of a crisis in supply with the second half of next year and lead to skyrocketing oil prices is greater than any rise followed decline in prices in the previous crisis.
A report by the Organization of Petroleum Exporting Countries {OPEC} was issued a few days ago pointed to the continued imbalance of supply and demand with aglut in supply, compared with global demand , which means the continuation of low prices in the next year.
According to the International Energy Agency 's report, which provides advice on energy states economic cooperation and development Organization, the global demand continues to decline against the increased supply, but the production capacity reserve in the world also strongly back down, and now more than 1.7 million barrels per day , with the arrival of the production of large exporters to full capacity.
the natural in any course for oil prices to rise strongly prices after the landing, but the continued fall in prices since the summer of 2014 led to a dramatic decline in investment in the sector and the failure to reach an oil to new discoveries meet demand in the event of increase.
according to the IAEA report, annual investment in the global energy sector declined in the last two years of $ 780 billion to 450 billion dollars, it does not seem that it will recover in the near future.
the total depletion of existing wells 9 per cent per annum, the report adds: "there isevidence that the decline in investments has led to a dramatic reduction in oil discoveries to come down to an unprecedented level in 60 years . " .
observers believe that this decline in investments and discoveries will give OPEC, Russia and the producers of great advantage with the continuation of the world 'sdependence on oil.
and separates "global energy investment report 2016" issued by the international energy agency , how the biggest decline in investments is in the major industrialized countries, the Gulf States Russia has not seen a big drop.
but the benefits of falling prices and investment that the cost of production is declining , making a profit reasonable sidelines even under the low prices, in most producers of OPEC countries do not exceed the cost of producing a barrel $ 10.
It is estimated analysts in the oil market, the this session of the movement of prices does not resemble any of its predecessors, as usual in the event of falling prices due to oversupply to take the demand to grow, but what happens to global demand growth in the decline did not increase in the last quarter to 800 thousand barrels per day.
the belief perception that other energy sources can compensate global dependence on oil is not supported by electric cars or hybrid sales figures, and the replacement of electric power generated from renewable sources at the expense of those generated by the plants , gas or oil derivatives.
combines many analysts and observers if it continues , the current situation, the lower prices until the second half of 2017 could lead to a dramatic rise in an unprecedented probably exceed the level of prices before June 2014 , when theprice per barrel was about 120 Dolar.anthy
http://alforatnews.com/modules/news/article.php?storyid=127197
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Expectations of a massive rise in oil prices and in excess of $ 120 next year
[/rtl][rtl]History of edits:: 9.15.2016 8:10 • 195 visits readable[/rtl]
{International: Euphrates News} latest report pointed to the International Energy Agency, to invest in the oil and gas sector fell to its lowest level in 60 years, is a threat of a crisis in supply with the second half of next year and lead to skyrocketing oil prices is greater than any rise followed decline in prices in the previous crisis.
A report by the Organization of Petroleum Exporting Countries {OPEC} was issued a few days ago pointed to the continued imbalance of supply and demand with aglut in supply, compared with global demand , which means the continuation of low prices in the next year.
According to the International Energy Agency 's report, which provides advice on energy states economic cooperation and development Organization, the global demand continues to decline against the increased supply, but the production capacity reserve in the world also strongly back down, and now more than 1.7 million barrels per day , with the arrival of the production of large exporters to full capacity.
the natural in any course for oil prices to rise strongly prices after the landing, but the continued fall in prices since the summer of 2014 led to a dramatic decline in investment in the sector and the failure to reach an oil to new discoveries meet demand in the event of increase.
according to the IAEA report, annual investment in the global energy sector declined in the last two years of $ 780 billion to 450 billion dollars, it does not seem that it will recover in the near future.
the total depletion of existing wells 9 per cent per annum, the report adds: "there isevidence that the decline in investments has led to a dramatic reduction in oil discoveries to come down to an unprecedented level in 60 years . " .
observers believe that this decline in investments and discoveries will give OPEC, Russia and the producers of great advantage with the continuation of the world 'sdependence on oil.
and separates "global energy investment report 2016" issued by the international energy agency , how the biggest decline in investments is in the major industrialized countries, the Gulf States Russia has not seen a big drop.
but the benefits of falling prices and investment that the cost of production is declining , making a profit reasonable sidelines even under the low prices, in most producers of OPEC countries do not exceed the cost of producing a barrel $ 10.
It is estimated analysts in the oil market, the this session of the movement of prices does not resemble any of its predecessors, as usual in the event of falling prices due to oversupply to take the demand to grow, but what happens to global demand growth in the decline did not increase in the last quarter to 800 thousand barrels per day.
the belief perception that other energy sources can compensate global dependence on oil is not supported by electric cars or hybrid sales figures, and the replacement of electric power generated from renewable sources at the expense of those generated by the plants , gas or oil derivatives.
combines many analysts and observers if it continues , the current situation, the lower prices until the second half of 2017 could lead to a dramatic rise in an unprecedented probably exceed the level of prices before June 2014 , when theprice per barrel was about 120 Dolar.anthy
http://alforatnews.com/modules/news/article.php?storyid=127197
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