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Expectations of oil down to $ 20 a barrel next year
September 11 .2015 - 20:36
Baghdad
Goldman Sachs Group announced on Friday that oil prices could reach 20 Dlara a barrel next year on the back of that surplus supply of oil will remain high through 2016 due to the growth of OPEC production, which led to the drop in oil prices today.
In its report on the markets Aalnaft Group lowered its forecast for the prices during 2015/2016, where American Bank trimmed its forecast for US crude to $ 48.10 me a barrel from $ 52 in the current year, and to $ 45 from $ 57 in the next year.
Group also reduced its estimates for Brent crude to $ 53.7 from US $ 58.2 in 2015 and to $ 49.5 from $ 62 in 2016.
For its part, the International Energy Agency said today that the decline in oil prices will force producers outside the Organization of Petroleum Exporting Countries "OPEC" including the United States to cut their production next year, the highest pace in more than two decades in order to restore balance to the market about supply bloated oil.
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September 11 .2015 - 20:36
Baghdad
Goldman Sachs Group announced on Friday that oil prices could reach 20 Dlara a barrel next year on the back of that surplus supply of oil will remain high through 2016 due to the growth of OPEC production, which led to the drop in oil prices today.
In its report on the markets Aalnaft Group lowered its forecast for the prices during 2015/2016, where American Bank trimmed its forecast for US crude to $ 48.10 me a barrel from $ 52 in the current year, and to $ 45 from $ 57 in the next year.
Group also reduced its estimates for Brent crude to $ 53.7 from US $ 58.2 in 2015 and to $ 49.5 from $ 62 in 2016.
For its part, the International Energy Agency said today that the decline in oil prices will force producers outside the Organization of Petroleum Exporting Countries "OPEC" including the United States to cut their production next year, the highest pace in more than two decades in order to restore balance to the market about supply bloated oil.
[You must be registered and logged in to see this link.]
