Photo: TASS
The organization of countries – Petroleum Exporting Countries (OPEC) has reduced its impact on pricing in the oil market, the role of the United States on this issue increased. This opinion was expressed by the head of “Rosneft” Igor Sechin, TASS reports.
He said that the main factor influencing oil prices, operating costs are the oil companies, but they do not yet take into account the complete cycle of production costs fuel. “This is especially true with the abandonment of shale oil” – said Sechin.
The head of “Rosneft” considers that the volatility in the oil market will continue for another 2-3 years. Referring to the predictions of the American experts, he added that by 2030 the price of oil could rise to $ 120-130 per barrel.
At the last meeting, OPEC decided to keep oil production quota at 30 million barrels. / Day . As expected, most market participants.
In 2014, oil exports from OPEC countries has brought them less than $ 1 trillion, it was the first time in four years. The fall was 10.7% compared with the previous year. OPEC’s share on the market decreased by 0.9% to 32.6%.
No comments:
Post a Comment