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Expectations of an increase in oil prices
9/27/2016 0:00
[rtl]BAGHDAD / Farah pumice
seems that the group «OPEC} moving towards a solution on the current crude price during its informal meeting in Algeria on the sidelines of the International Energy Forum, in coordination with Russia , which in turn looks forward eagerly to the consensus among actors in the organization, which is serious in Search compatibility with the organization is not limited to two , but in the long term.
the declaration of the Saudi initiative to reduce the requirement to Iran 's readiness forsimilar step to halt efforts to increase production and to try to return to pre - sanctions (filed through the arduous and painstaking talks) could open the door to constructive dialogue between the parties away from the political convulsions.
inconclusive results of the
international energy expert Mustafa Abdul - Hussein said that the monitoring of progress , even slow the price after the Doha meeting , which was held on April 18 of this year ,which did not come inconclusive for the organization because of the Saudi Iranian dispute, the escalation of US crude West texas Intermediate rose 12.2 percent from the39.74 to $ 44.59 per barrel.
He said in an interview with «morning» that this sudden prominence comes to theproduction of Iran , which stood at 3.653 million barrels / day, a total of total of thecountries of the Organization together from 32.620 to 33.237 million barrels / day (due so as to increase Saudi Arabia and Iraq 's role against a decline in Libya, Nigeria and Venezuela), all depending on global demand rising this year as many countries policies to step up its stockpile commercial reserve through the loop drop the current price with the decline in the production of countries outside the organization, and expectations of acertain shrinking more than expected to a glut prevailing by some monitoring stations indicators.
crude oil prices witnessed a significant decline since 2014 , where the prices could hit $ 115 a barrel to hit bottom price below $ 30 a barrel and is now ranging between 45 - 50 dollars per barrel , what impact negatively on most of the producing countries economies.
future «OPEC}
He is the recent increase in the number of US rigs , which amounted to more than ahundred ( it was around the bottom number 316 to become the number 418 now) is theobsession imposed on the organization 's future plans as it is the US ability of flexibility to return but have been slow to enter US crude competitor is easy, noting that most of the increase in the number of devices comes from Albermey field , which produces wells less compared to other US fields the increase did not exceed the number of fingers as guinea Beijing known for the production of shale crude unconventional.
indicates some experts that this increase does not It is an indicator of the high capacity of production is on the rise , but at a slow pace on the descent. And such a challenge to the organization can determine the nature of the upcoming production policy, whether conducted on the previous habit of flooding the markets motivated to maintain the quota, or waiting for what accrue upon US crude to impose a new reality could bring down theprevious hopes of domination «OPEC potential} which seems to be its fortunes are no longer to what it was before 2014. the year 's crisis
and between that in all cases , the quest for a fair price as it was planned before thecrisis to 80 dollars per barrel is no longer attractive compared with the price of 40 , who can cope with even higher margin slightly imposing bring a more diverse economic policies (also I assure him always by my interviews with you), otherwise it without it will pass OECD countries critical era (including the Saudi player certainly).
The remaining guarantee proven to make nail boots to freeze soon and then planning to cut is coming , possibly within the next year with expectations of encouraging theincreased demand and wishes decrease the number of US rigs, and to reach an understanding Saudi Iranian jumps over chronic political disagreement between the two giants economists may have a chance of understanding them more beneficial to the two peoples and the rest of the peoples of the region and the future of the organization of this rivalry which is no longer justified by global policy standards seeking balances getter for good instead of war , which is now claim the lives of hundreds of thousands ofhumans, and strain the budgets should be directed to the service of man , rather than downloading the damage is not before him by. [/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=123786[/rtl]
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