US expectations shocking .. oil will reach to $ 252
US expectations shocking .. oil will reach to $ 252
5.13.2016 16:04
{International: Euphrates News} predicted the US Department of Energy, on Friday, that the amount of crude oil prices to $ 252 a barrel by 2040.
According to site {Vesti} Russian economic, that ” the American ministry believes that oil will remain the main source of fuel over the next 25 years, in spite of the development of the alternative energy sector.”
US experts believe that oil consumption in the world continues to grow, and in the baseline scenario of the ministry , which reviews the expectations of experts for the development of the oil market, the black gold prices will rise by about twice in the future.
if the global economy recovers from the current crisis that beset it, reaching an average annual growth rate at 4.5%, the price of a barrel of crude oil will reach to $ 252 by 2040.
experts believe that “oil prices are rising despite the circulation of a barrel of oil is currently below $ 50 a barrel.”
coincided statement the US State Department with the release of media reports about the expectations of the Iraqi Ministry of oil of the oil market, where Iraqi authorities are expected to resume negotiations on freezing levels oil production, along with comments hopes on the Organization of petroleum exporting countries {OPEC meeting} on June 2 next Vienna.
the daily production volume in Iraq , currently about 3.8 million barrels, but in the event of a favorable pricing environment, Iraq wants to increase production to reach 5 million barrels per day, will be available in the market about 1.2 million additional barrels a day.
Russia has been with the organization {OPEC} had sought to sign an agreement to freeze production at January levels, but that the meeting , which was held in Doha last month, failed because of differences between Riyadh and Tehran.
In terms of trading amounted to US light crude price, the value of $ 46.14 , down 56 cents from the previous trading session, as the price of benchmark crude dropped Brent blend {} about 44 cents at $ 47.64 a barrel. Ended h
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