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Main » 2015 » September » 15 » Oil at $ 20 - it's real
Oil at $ 20 - it's real

Oil prices in 2014 are located in the zone of increased volatility. Prices tend to decrease with some respite in the form of short-term correction - based on AMarkets.



Mark West Texas Intermediate (WTI) slipped in 2014 to a level of $ 100 to about $ 45 in the beginning of 2015. Then there was a reduction to $ 60 in early summer, then again, the price dipped to around $ 45. Experts at Goldman Sachs believe that oil prices could fall even lower - up to $ 20 per barrel, and in the near future. The main arguments - the excess supply of oil on the world market, weak demand and the reluctance of the largest manufacturers of lower production volumes. And then there's Iran is almost ready to go into the market - just after the expected lifting of sanctions.

According to the scenario, Goldman, the price of WTI will fall to $ 38 a month and up to $ 45 in 12 months. This is a very serious slump, if the script is realized. An earlier forecast of GS - $ 45 a month and $ 60 in 12 months. It is expected that by 2016 a significant number of oil companies (non-OPEC) greatly reduce its production or even leave the market.

The cost of producing a barrel of oil from different companies: 

The biggest production costs - at $ 30 per barrel.


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