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Expert "Total" in the dialogue: the price of oil at $ 100 "possible"
9/19/15
No one knows how long that will last wave of price declines that worry all and oil-consuming countries were more satisfaction and happiness for energy at low prices.
BAGHDAD / Obelisk: Alan Matafawd senior analyst and director said research at Total global company, it is not difficult to crude oil regains the price of $ 100 a barrel soon in light of the expected demand growth developments, as advised producing Arab countries, focus and attention in the next phase Besnaotai refining and petrochemical and to accelerate the acquisition of advanced technology and modern technologies for adoption in the oil industry, which fit in with the environment and climate variables and reduce carbon emissions.
He explained, that this price is fair and appropriate for producers and consumers and businesses alike and that the price of $ 40 a barrel, a catastrophic rate threatens producers and investors wishing market not up to this minimum disturbing limit at all, pointing out that crude oil will remain mostly element on the energy mix for decades to come and will not back down dependence it even in developed markets, particularly in the European Union because the reliance on renewable energy is still a long journey in front of him
As Alan downplayed the importance of accelerating the production of American oil shale and predicted his return to the sharp decline because of low prices and high production costs and the difficulty of competing with traditional oil cheaper in cost and has a high competitive advantages.
He added in an interview with summarized, "obelisk" act of the Saudi newspaper "economic", that no one knows for how long will that wave of price declines that worry all and consuming countries for oil was more satisfaction and happiness for energy at low prices .. but required of companies and investors at this stage is more efficient production and improved management systems and work pressure and expenses and production costs in order to continue in the industry and maintain investments.
One sees that the price of $ 100 a barrel price is the most appropriate, a disease for all producers, whether big or small a price not far-fetched and can be restored in the near term and we are strongly confident that the market will reach this stage again by the growth of demand The level of $ 40 a barrel is the price of catastrophic and inappropriate final and threaten investment and severely damages the economies of producing countries in the long term.
How is the way out of the current crisis
He said one he can not find a way out without examining the reasons that led to this situation are many and varied reasons and whenever looking at it reach new facts .. But the most prominent features of the scene is in a boom the US shale oil production and economic slowdown in many countries of the world as well as the rise Tensions in the Middle East .. and I think that the scene will change with time, with the growth in demand and falling supply due to low prices and shrinking investments and natural decline in the production of conventional wells.
Expectations for the future of US shale oil
He said now that shale oil is an important supplier of energy resources represents a kind of diversity and richness of the system of global energy, but has been accelerating in its production unexpectedly thoughtful in a feverish race to weaken the market and influence in conventional oil center in the global energy market and I think the low price is completely suitable for this production Even if the producers tried to defy market conditions and increase production, but it will not last long despite assurances that producers came to stay and compete strongly in the market.
What predicted far on the global demand for oil that there are already strong indications that demand for oil and the growth of the market moving towards greater reliance on Asia and Africa and developing countries in general markets.
He said that oil investment will grow and continue and will overcome all the current challenges and above the price of crude oil that has reached more lowest levels in the nineties and continued investment and regained market recovered to maintain a level above $ 100 for more than four years earlier last year, which saw price collapses ,.
He stressed that the demand for crude oil in the world will grow in a few years and will grow in Europe and also because the EU market is an important component and head of global demand system, like Africa and the Pacific, Asia and reliance on renewable energy is accelerating as well, but the road is still long in front of him, oil will remain the main source and not the only one in the global energy mix.
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9/19/15
No one knows how long that will last wave of price declines that worry all and oil-consuming countries were more satisfaction and happiness for energy at low prices.
BAGHDAD / Obelisk: Alan Matafawd senior analyst and director said research at Total global company, it is not difficult to crude oil regains the price of $ 100 a barrel soon in light of the expected demand growth developments, as advised producing Arab countries, focus and attention in the next phase Besnaotai refining and petrochemical and to accelerate the acquisition of advanced technology and modern technologies for adoption in the oil industry, which fit in with the environment and climate variables and reduce carbon emissions.
He explained, that this price is fair and appropriate for producers and consumers and businesses alike and that the price of $ 40 a barrel, a catastrophic rate threatens producers and investors wishing market not up to this minimum disturbing limit at all, pointing out that crude oil will remain mostly element on the energy mix for decades to come and will not back down dependence it even in developed markets, particularly in the European Union because the reliance on renewable energy is still a long journey in front of him
As Alan downplayed the importance of accelerating the production of American oil shale and predicted his return to the sharp decline because of low prices and high production costs and the difficulty of competing with traditional oil cheaper in cost and has a high competitive advantages.
He added in an interview with summarized, "obelisk" act of the Saudi newspaper "economic", that no one knows for how long will that wave of price declines that worry all and consuming countries for oil was more satisfaction and happiness for energy at low prices .. but required of companies and investors at this stage is more efficient production and improved management systems and work pressure and expenses and production costs in order to continue in the industry and maintain investments.
One sees that the price of $ 100 a barrel price is the most appropriate, a disease for all producers, whether big or small a price not far-fetched and can be restored in the near term and we are strongly confident that the market will reach this stage again by the growth of demand The level of $ 40 a barrel is the price of catastrophic and inappropriate final and threaten investment and severely damages the economies of producing countries in the long term.
How is the way out of the current crisis
He said one he can not find a way out without examining the reasons that led to this situation are many and varied reasons and whenever looking at it reach new facts .. But the most prominent features of the scene is in a boom the US shale oil production and economic slowdown in many countries of the world as well as the rise Tensions in the Middle East .. and I think that the scene will change with time, with the growth in demand and falling supply due to low prices and shrinking investments and natural decline in the production of conventional wells.
Expectations for the future of US shale oil
He said now that shale oil is an important supplier of energy resources represents a kind of diversity and richness of the system of global energy, but has been accelerating in its production unexpectedly thoughtful in a feverish race to weaken the market and influence in conventional oil center in the global energy market and I think the low price is completely suitable for this production Even if the producers tried to defy market conditions and increase production, but it will not last long despite assurances that producers came to stay and compete strongly in the market.
What predicted far on the global demand for oil that there are already strong indications that demand for oil and the growth of the market moving towards greater reliance on Asia and Africa and developing countries in general markets.
He said that oil investment will grow and continue and will overcome all the current challenges and above the price of crude oil that has reached more lowest levels in the nineties and continued investment and regained market recovered to maintain a level above $ 100 for more than four years earlier last year, which saw price collapses ,.
He stressed that the demand for crude oil in the world will grow in a few years and will grow in Europe and also because the EU market is an important component and head of global demand system, like Africa and the Pacific, Asia and reliance on renewable energy is accelerating as well, but the road is still long in front of him, oil will remain the main source and not the only one in the global energy mix.
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