The head of the IEA’s Fatih Birol
The head of the International energy agency, Fatih Birol said that, in his opinion, the international oil prices have reached their bottom
When asked by reporters in Tokyo reached if global oil prices bottom, Birol said that it is quite likely. However, he said that much will depend on global economic growth, Reuters reported.
According to the head of the IEA, OPEC countries this year will increase production by 1.2 million barrels a day, while other major manufacturers will lower production by more than 700 thousand. barrels.
at the end of April Birol presented a forecast that oil prices will be balanced at the end of this year or in 2017. He also said that this will happen unless there is a severe downturn in the global economy. According to the IEA’s head, the price of $ 45 per barrel, well below the optimum index
On Saturday, Bloomberg published an expert opinion BNP Paribas and UBS Group, to assume that world oil prices to expect a serious fall in the coming weeks. – to the level of $ 30 per barrel. They explained this by the fact that the price increases observed in recent months, stimulates recovery of shale oil in the US producers position.
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