Consulting company PIRA predicts that quotations for oil in 2017 will rise to 75 dollars a barrel amid supply reduction because of low prices. Its founder and head of Gary Ross, said at a private seminar to an audience of the company in New York that the other way is not only a rise in prices against a background of decreasing demand.
It is worth noting that the company has a solid reputation in the energy markets and many investors expect its forecasts. The company holds an annual forum, attended by over a thousand participants in the top echelon.
Recall that at the conference last year, Gary Ross, one of the first announced that the price of oil could drop significantly if oil exporters do not reduce the supply of, and try to maintain its market share. What this has led, visible on the cost of oil.
Gary Ross suggested that in order to market the oil recovered in the years 2017-2018, whereas in 2016 the quotations of oil should increase to $ 70. For his forecast, in 2017 the price of oil will be at $ 75 per barrel.
Also, Ross commented slowdown in US oil production, he believes that oil production in the United States on a monthly basis reduced by 50-100 thousand barrels per day.
According to the materials WELTRADE