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Levels of weak oil prices and expectations of a slowdown in demand
10/26/15
Oil prices have seen a sharp decline with the approach of refined products storage sites of fullness, satiety to worsen that pushed prices down more than 50 percent since June 2014.
BAGHDAD / Obelisk: Oil prices stabilized at low levels, Monday, in light of expectations of a slowdown in demand, and the abundance of supply in the coming months, according to the reported 'Reuters'.
The record US crude to $ 44.69 a barrel at 05:57 GMT, up 9 cents from the closing price, in the last meeting, but remained lower by 12% from its highest level in October.
London Brent crude rose 8 cents to 48.07 a barrel, but it fell by more than 10% from its highest level during the current month.
She said 'Goldman Sachs' that oil prices could see' approach Hada'ma decline refined products storage sites of fullness, satiety to worsen that pushed prices down more than 50 percent since June 2014.
Bank 'ANZ' and the expectation that prices will remain low during the remaining period of the year, due to slowing demand, and with the expectations of speculators to reduce the rise of prices.
And on the demand, said 'Energy Aspkedz' it expects a sharp slowdown for oil demand growth in the fourth quarter of 2015, reaching 0.8 million barrels per day, the lowest pace of growth in five quarters.
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10/26/15
Oil prices have seen a sharp decline with the approach of refined products storage sites of fullness, satiety to worsen that pushed prices down more than 50 percent since June 2014.
BAGHDAD / Obelisk: Oil prices stabilized at low levels, Monday, in light of expectations of a slowdown in demand, and the abundance of supply in the coming months, according to the reported 'Reuters'.
The record US crude to $ 44.69 a barrel at 05:57 GMT, up 9 cents from the closing price, in the last meeting, but remained lower by 12% from its highest level in October.
London Brent crude rose 8 cents to 48.07 a barrel, but it fell by more than 10% from its highest level during the current month.
She said 'Goldman Sachs' that oil prices could see' approach Hada'ma decline refined products storage sites of fullness, satiety to worsen that pushed prices down more than 50 percent since June 2014.
Bank 'ANZ' and the expectation that prices will remain low during the remaining period of the year, due to slowing demand, and with the expectations of speculators to reduce the rise of prices.
And on the demand, said 'Energy Aspkedz' it expects a sharp slowdown for oil demand growth in the fourth quarter of 2015, reaching 0.8 million barrels per day, the lowest pace of growth in five quarters.
[You must be registered and logged in to see this link.]
