Oil prices will stagnate below $ 50 a barrel is still at least a year and probably more, while OPEC members can not agree among themselves about the production of crude oil - by AMarkets materials.
Almost all OPEC countries are experiencing a severe budget deficit due to low oil prices. In such circumstances, one would not reduce production alone - is fraught with the loss of market share. Is there a chance for the oil segment in the global sense? All hope for Asia - China and India in particular. According to the most optimistic forecasts, the demand for "black gold" by China and India will be tightened to 15% (11 million barrels per day) in the period 2015-2035 gg.However, the forecast can not be realized easily - everything is changing rapidly in the world.
China is slowing. India may start to slow down at any time. All sorts of initiatives in the fight for clean air - also an obstacle for oil. China imposes quotas on the use of vehicles, India restricts the use of old cars that use diesel fuel developed and emerging economies are starting to actively introduce electric vehicles in circulation. Experts believe that oil producers will survive only those that use the most latest technology and the most widely diversified - particularly invested in alternative energy sources.
Table - the demand for oil in 2016. In terms of economies.