Good times for the oil market ahead, the balance will come in 2017. This was stated by the head of division-oil industry and markets the International energy Agency (IEA) Neil Atkinson in an interview with Bloomberg.
“We believe that for some time are in stable condition — the market is close to balance, and in 2017 the balance will come. This means that oil prices will gradually start to recover. So you can say that better times for the market ahead, however, progress will be slow,” he said.
While Atkinson noted that the production of shale oil in the US expects a further fall.
4 may at 14:45 MSK cost of a barrel of Brent on London exchange ICE amounted to 45.15 USD. On 28 April the cost of this class exceeded $ 48.
The current rise in oil prices may be temporary due to the strong competition of producers, according to experts of the Higher school of Economics (HSE). Quotes can fall below the January low (28.5 dollars), they warn.here
In the Qatari capital Doha on April 17 hosted a meeting of representatives of the countries-manufacturers of oil. It was expected that the parties will sign an agreement to freeze production to prevent further fall of prices for hydrocarbons. But the deal never took place — Saudi Arabia declined to sign any documents without the participation of Iran, the representatives of the Islamic Republic in Doha arrived.
