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Expectations of higher oil prices to $ 55-60 a barrel
18/12/2016 0:00
[rtl]Follow - up / Shokran Fatlawi
predicted Goldman Sachs US obtaining a rise in oil prices between $ 55 to $ 60 a barrel after the first half of next year, after the agreement reached recently between the Organization of Petroleum Exporting Countries members (OPEC) to reduce the oversupply that lasted for two years .
The group agreed on a production cut of 1.2 million barrels per day from January in the agreement is the first of its kind since 2008, Russia plans to Producers and others were not members of the (OPEC) to cut production by up to half that amount.
Russia said: that all oil producing companies in the country , including the largest Rosneft agreed to cut production.
And shut down oil prices, on Saturday, at an altitude according to the indicators on a global agreement to reduce production.
Closed , Brent crude for February delivery on the high of $ 1.30 Uma equivalent of 2.41 percent to 55.32 dollars per barrel, while US crude close to $ 1.13 to $ 52.03 a barrel.
It is said that other producers, including Kuwait has confirmed production cuts as of January, where the Kuwait Petroleum Corporation confirmed the reduced supply of oil is more than expected, according to Reuters
, said Bank of Australia and New Zealand: Prices rebounded after Kuwait 's decision toreduce its supply to its clients from the oil in the United States and European countries , where allowed for most exporters by reducing the amount of production to customers up to "operational tolerance" under which the state can exporting reduce or increase exports with customers in a short period of notice and led the likelihood of production US bank Goldman Sachs cut to raise its forecast for the price of West Texas intermediate crude to to $ 57.5 a barrel from $ 55 previously expected for the second quarter of 2017.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=128268[/rtl]
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