Oil prices until mid-2017, will be limited in growth, but then can increase to $ 70-80 per barrel. On Monday, July 25, wrote in their report, the experts of the investment Bank Morgan Stanley, reports TASS.
According to experts, in 2016 the global market will remain surplus of oil, but in 2017, the shortages will develop in 0.1 million barrels per day, which by 2018 will increase by three times. In 2019-2020, the shortage of raw materials will be 0.1 and 0.2 million, respectively.
Bank analysts believe that Russia in 2017 will increasing production by 1.7 percent compared to the current year — on-year to 11.42 million barrels per day, and in 2018 another 1.1 per cent to 11.55 million). However, in 2019 and 2020, oil production will gradually decline to 11.48 million, experts predict.
Earlier, on 25 July, the price of Brent crude on the ICE futures exchange fell below $ 45 per barrel.
On 21 July it was reported that Russian oil production in may rose to 10.46 million barrels per day, thereby overtaking production in Saudi Arabia.
In the first half of July, the OPEC countries, including Saudi Arabia increased its oil production to its highest level since 2008. The cartel produces of 32.73 million barrels a day.
