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Oil prices fall near the "danger level"
August 21 .2015
Follow-up
Oil prices continued to decline to the lowest level since the recent global financial crisis as a result of excess of supply over demand and the arrival of commercial stocks to the maximum with the continuation of shale oil production in North America.
It fell US light crude (West Texas) to the barrier near $ 40 a barrel, while Brent crude fell towards the barrier of $ 45 a barrel, after the release of weekly US inventory figures.
And increased commercial crude stocks in the United States to the fullest extent with the availability of cheap supply and the lack of clouds of it, especially as the shale oil and gas production did not fall as expected.
Observers and analysts in the energy market and believes that the barrier of $ 40 a barrel is a risk limit for producing and exporting countries and major energy companies alike.
With expectations of a continued increase in supply and lack of improvement in demand due to slower growth of the Chinese economy and other factors, concerns, and many exclude the recovery of oil prices soon.
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August 21 .2015
Follow-up
Oil prices continued to decline to the lowest level since the recent global financial crisis as a result of excess of supply over demand and the arrival of commercial stocks to the maximum with the continuation of shale oil production in North America.
It fell US light crude (West Texas) to the barrier near $ 40 a barrel, while Brent crude fell towards the barrier of $ 45 a barrel, after the release of weekly US inventory figures.
And increased commercial crude stocks in the United States to the fullest extent with the availability of cheap supply and the lack of clouds of it, especially as the shale oil and gas production did not fall as expected.
Observers and analysts in the energy market and believes that the barrier of $ 40 a barrel is a risk limit for producing and exporting countries and major energy companies alike.
With expectations of a continued increase in supply and lack of improvement in demand due to slower growth of the Chinese economy and other factors, concerns, and many exclude the recovery of oil prices soon.
[You must be registered and logged in to see this link.]
