In 2016, oil will cost an average of about $ 37 per barrel. The next year will gradually grow.
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-> The World Bank noted signs of oil prices slow growth
rosneft.ru
Step minimally low oil prices is slowly coming to an end against the background of inhibition of production growth and increasing demand, the report says Bank .
“Despite the fact that as a result of slowing economic growth in the global demand for oil declined, falling oil prices, two thirds of which were due to an increase in supply, it was so extensive, leading to an increase in consumption, which reached a five-year high in 1.8% in 2015, although it declined slightly in the fourth quarter, “- note the analysts of the bank
Bank notes slowdown in US growth in shale oil production.. While other leading producing countries maintain high production levels, despite a sharp decline in investment, and the discussion of a possible negotiated reduction of oil supplies from Saudi Arabia, Russia and some smaller oil-exporting countries have not yet concluded the agreement, however, in the fourth quarter of 2015 , the world’s oil production growth slowed to 50% in comparison with the average for the first three quarters of the year, according to the report.
The world Bank expects an average oil price of around 37 dollars in 2016 per barrel. The gradual rise in prices is expected during 2017, when the market will be forced manufacturers of high cost of oil, which will lead to a reduction in aggregate supply and the continued recovery of the world economy will strengthen demand, believe in the bank.
Most of the largest banks and analysts have lowered forecasts for oil prices after a sharp drop below $ 30 in early 2016. Nevertheless, experts generally expect a rise in price of oil in the second half of the year.
According to the materials: Interfax See also
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