The return of oil price to 35-40 dollars for barrel is possible only in the case of a global recession or a big shock of an event that will lead to a sharp increase of supply on the market. Such an event can be, for example, full load of production capacity in Libya. The forecast was made by analysts at Bank of America Merrill Lynch, reports video News Service.
According to experts of the financial Corporation, the oil market moves towards a state of deficit. In the baseline scenario, by the end of 2016, prices should rise to $ 55 per barrel, and by 2017 will increase to 61 per dollar.
Even in the event of a major macroeconomic events, like Brexit, the price of oil next year will not fall below 52 dollars, I think in the investment Bank.
July 25 Morgan Stanley analysts predicted that oil prices will be stagnant until mid-2017. However, since 2018 is expected to rebound in oil prices. In the longer term prices may rise to $ 80 per barrel.
The Ministry of energy believe that now the world market supply exceeds demand by about one million barrels per day and the balance can be achieved by the middle or end of 2017. This energy still retains the forecast oil prices for the year 2016 in the area of $ 40-50.
