World Bank: $ 53 Per Barrel, The Average Price Of A Barrel Of Oil This Year
- The World Bank predicted that the average price of oil during the current year of $ 53 a barrel, and the price of crude climbs over the next year slightly by 4 dollars a barrel .
According to the updated reports to the bank that «OPEC» Organization refrain from pursuing any policy to control raw Bmarod in the markets, and that the economic situation will deteriorate in the year, in addition to the decline in geopolitical tensions in the world that could affect the supply of crude oil .
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- The World Bank predicted that the average price of oil during the current year of $ 53 a barrel, and the price of crude climbs over the next year slightly by 4 dollars a barrel .
According to the updated reports to the bank that «OPEC» Organization refrain from pursuing any policy to control raw Bmarod in the markets, and that the economic situation will deteriorate in the year, in addition to the decline in geopolitical tensions in the world that could affect the supply of crude oil .
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It also touched on the report to the prices of other energy resources, where he pointed out that the recent decline in oil prices will affect the energy markets, especially the natural gas market in Europe and Asia, where the report pointed out that the European natural gas benchmark price will fall by 15% in 2015 .
At the present time, still the oil markets are looking for a balance between supply and demand, prices, and witnessing the market competition between producers inside and outside the «OPEC» organization that defends on market shares, especially after «OPEC» decision last November to keep the production rate at approximately 30 million barrels per day .
It should be noted that the Russian Ministry of Finance expects the price of oil in 2015 at $ 50 a barrel and $ 60 a barrel in 2016 and between 65 and 70 dollars a barrel in the years 2017 and 2018 .
In terms of trading, oil prices have fluctuated against the backdrop of talks between Iran and six world powers to settle the dispute over Tehran's nuclear program, which may allow an increase of Iran's crude oil exports to world markets in case of reaching an agreement and the lifting of sanctions imposed on Tehran .
By 14:33 Moscow time, futures rose for the price of Brent «Brent» Delivery May 15, 0.11% is equivalent to 6 cents to $ 55.17 a barrel, while futures US crude for delivery fell 15 May 0.48% is equivalent to 23 cents to 47.37 dollars per barrel .
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In terms of trading, oil prices have fluctuated against the backdrop of talks between Iran and six world powers to settle the dispute over Tehran's nuclear program, which may allow an increase of Iran's crude oil exports to world markets in case of reaching an agreement and the lifting of sanctions imposed on Tehran .
By 14:33 Moscow time, futures rose for the price of Brent «Brent» Delivery May 15, 0.11% is equivalent to 6 cents to $ 55.17 a barrel, while futures US crude for delivery fell 15 May 0.48% is equivalent to 23 cents to 47.37 dollars per barrel .
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