OPEC members failed to agree on reducing the volume of oil production.Despite this, the global markets are transformed into a frisky pace than expected in response to low prices - at AMarkets materials.
Companies continue to cut spending on field development and reduce capital investment in the production, processing. Over the past 12 months, the oil issue seriously sagged globally. At the same time, demand remains strong. In the middle of 2017 and towards the end of the International Energy Agency predicts that oil demand will outstrip the proposal. Analysts at Bank of America Merrill Lynch believe that oil demand will peak after 2050 against the background of relatively low prices for oil at around $ 55-75 per barrel.
Schedule - decline in production of oil America by a decline in the towers:
Schedule - projected global demand for oil. Point in 2017, when demand will outstrip the proposal: