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 …
Read More »The world Bank has adjusted forecasts of oil prices in 2016
The world Bank (WB) raised its forecast for oil prices in 2016 in connection with interruptions in the supply of hydrocarbons in a number of regions and the strong growth of demand in the second quarter, said the quarterly report Commodity Markets Outlook. However, the world Bank revised forecasts for …
Read More »Morgan Stanley predicted the rise in oil prices to $ 80
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 …
Read More »The Russians promised reduction in food prices before the election to the state Duma
The inflation will replace deflation, said Nabiullina Moscow, July 20 (New Day, Svetlana Petrova) – On the eve of elections to the state Duma, Russia’s population is waiting for lower prices on products. In the Central Bank expect the onset of deflation in August-September, despite the growth of inflation in …
Read More »Low oil prices brought down the investment of oil and gas companies
Global oil and gas companies have reduced planned investments to 2016 and 2017 to 370 billion dollars. About it reports “Interfax” with reference to the report of the company Wood Mackenzie. Especially strong ($150 billion) was the fall of investment in the continental United States (excluding Alaska). The most significant …
Read More »Saudi Arabia is ready to once again derail oil prices
Price war in the global oil market, it seems, will never end. Saudi Arabia began to sell its huge reserves and the volume fell to the lowest level in 20 months. At the same time, the Kingdom decided to strengthen its tanker fleet, making it the largest in the world. …
Read More »Bank of America does not exclude the increase of oil prices to $70 per barrel
The price of Brent crude oil in 2017 may reach $70 per barrel due to the growth of consumption in China, according to analysts at Bank of America Merrill Lynch. “Oil demand in China in the coming years will continue to grow; this is consistent with our expectations that the …
Read More »The energy Ministry predicts decline in oil prices
Russia is not discussing more with the club of oil producers-OPEC coordination. This was announced by energy Minister Alexander Novak, reports Reuters. According to him, it happened after the spring of this year the countries-oil exporters are unable to agree on freezing the level of oil production. Novak noted that …
Read More »Weak oil prices rose in anticipation of data on stocks in the United States
The world price of oil during trading on Wednesday, slightly rising on expectations of market participants of the publication of the next official weekly data on the level of fuel stocks in the United States. The cost of the September futures for Brent crude on the London ICE Futures exchange …
Read More »The Communists proposed to solve the problem of oil prices due to alcohol
Deputies from the Communist party in the Duma introduced a bill on the return of a state monopoly on production and turnover of alcohol. The relevant document posted on the official website of the lower house on Tuesday, July 19. The bill, according to its authors, will help to solve …
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