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Main » 2015 » November » 24 » Oil at $ 20 less ... Who?
Oil at $ 20 less ... Who?

Oil prices risk prosest another 50% from current levels (about $ 40) in the event that the global market is exhausted reserves of oil storage facilities and if the weather will remain warm and raw material needs for heating will be minimal - Materials AMarkets.




Dual pressure on oil prices, is forecast Goldman Sachs, risks bring down the price of oil to $ 20 a barrel. US oil tankers currently filled to 70%. Those. there are still 150 million barrels to a 100% filling. It is expected that OPEC will continue to flood the market with cheap raw materials to fight the competitors, pushing them out of the market.

Producers of raw materials is now extracted by 2 million barrels a day more raw material than necessary to cover the demand. From this, as it were the hardest to suffer US shale miners of raw materials. Interestingly, it is believed that the miners from the US are not so affected - they are actively replaced with technology in order to minimize costs. And, they say, companies will be able to quickly return to the market when the oil market will enter into a positive growth. Like it or not - time will tell.

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