Home
Major oil producers considered $ 70 a barrel "price average acceptable."
9/12/2015
Twilight News / specialized economic report said on Saturday that a number of major oil producers believe that access prices to $ 70 a barrel average price is accepted by all parties. He said the weekly report issued by Crescent Petroleum Company (UAE), said that there are difficulties to support these prices in the absence of a move by oil producers to support declining prices at the moment. Oil prices fell futures, with harmed a lot in the Friday session, after the US bank "Goldman Sachs" lowered its crude price in 2015 and 2016, with the expectation that the average US crude price up to $ 45 a barrel in 2016, from $ 57 Previous estimates, and Brent crude to $ 49.5, down from $ 62. And decreased Brent contracts, in trading last week, by 2.05% or $ 1.02, at $ 49.61 to $ 48.59 a barrel, while US crude futures gained around $ 1.42 or the equivalent of 3.08%, falling from US $ 46.05 down to $ 44.63 a barrel .
He Crescent report, that oil producers on their way to maintain current production levels, and the trend towards increasing production capacity in the long term, and therefore should find other outlets to improve the efficiency of global markets, raising the pace of economic activity to absorb the current supply of oil.
It is noteworthy that Russia aimed to increase its oil production by a third, to reach 14 million barrels per day over the next twenty years, targeting the Asian markets in particular, and this corresponds with the position adopted by the Organization of Petroleum Exporting Countries "OPEC" in order to maintain market share.
With managed to Saudi Arabia, to maintain its market share in the Asian oil market almost without significant change, the total exported by the Kingdom to reach nearly 1.8 billion barrels of oil in the first eight months of 2015.
According to the report, it has become the political and diplomatic movement one of the most stability to world markets factors, and became a movement directly related to what is happening to the world oil markets of the decline and instability, which would threaten the stability and growth of the global economy due to the absence of balance that is witnessing the energy markets and then the economies of oil-producing countries.
"The Crescent" report, the picture looks more obvious when looking at the mobility of Saudi Arabia in its efforts to rebuild economic ties with influential on the world's countries, in addition to its efforts toward the success of economic diversification, the development of productivity and oil sectors both plans, through hold more long-term partnerships and contracts with the United States, China, Russia and other influential countries.
The company "Crescent" specialized regional company in the exploration and production of oil and gas sector began operations almost since the early seventies, and taken from the Emirate of Sharjah in the United Arab Emirates-based, also has widespread international offices in strategic locations in the United Kingdom, Iraq, and branch offices in Canada .
[You must be registered and logged in to see this link.]
9/12/2015
Twilight News / specialized economic report said on Saturday that a number of major oil producers believe that access prices to $ 70 a barrel average price is accepted by all parties. He said the weekly report issued by Crescent Petroleum Company (UAE), said that there are difficulties to support these prices in the absence of a move by oil producers to support declining prices at the moment. Oil prices fell futures, with harmed a lot in the Friday session, after the US bank "Goldman Sachs" lowered its crude price in 2015 and 2016, with the expectation that the average US crude price up to $ 45 a barrel in 2016, from $ 57 Previous estimates, and Brent crude to $ 49.5, down from $ 62. And decreased Brent contracts, in trading last week, by 2.05% or $ 1.02, at $ 49.61 to $ 48.59 a barrel, while US crude futures gained around $ 1.42 or the equivalent of 3.08%, falling from US $ 46.05 down to $ 44.63 a barrel .
He Crescent report, that oil producers on their way to maintain current production levels, and the trend towards increasing production capacity in the long term, and therefore should find other outlets to improve the efficiency of global markets, raising the pace of economic activity to absorb the current supply of oil.
It is noteworthy that Russia aimed to increase its oil production by a third, to reach 14 million barrels per day over the next twenty years, targeting the Asian markets in particular, and this corresponds with the position adopted by the Organization of Petroleum Exporting Countries "OPEC" in order to maintain market share.
With managed to Saudi Arabia, to maintain its market share in the Asian oil market almost without significant change, the total exported by the Kingdom to reach nearly 1.8 billion barrels of oil in the first eight months of 2015.
According to the report, it has become the political and diplomatic movement one of the most stability to world markets factors, and became a movement directly related to what is happening to the world oil markets of the decline and instability, which would threaten the stability and growth of the global economy due to the absence of balance that is witnessing the energy markets and then the economies of oil-producing countries.
"The Crescent" report, the picture looks more obvious when looking at the mobility of Saudi Arabia in its efforts to rebuild economic ties with influential on the world's countries, in addition to its efforts toward the success of economic diversification, the development of productivity and oil sectors both plans, through hold more long-term partnerships and contracts with the United States, China, Russia and other influential countries.
The company "Crescent" specialized regional company in the exploration and production of oil and gas sector began operations almost since the early seventies, and taken from the Emirate of Sharjah in the United Arab Emirates-based, also has widespread international offices in strategic locations in the United Kingdom, Iraq, and branch offices in Canada .
[You must be registered and logged in to see this link.]
