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International: oil energy will regain his balance by 2020

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International: oil energy will regain his balance by 2020




11/10/15

International: oil energy will regain his balance by 2020
The International Energy Agency signed the oil market to regain its balance and gradually settle on the price of nearly $ 80 a barrel by 2020 under the influence of width less abundant.
The agency reported in its annual exploratory study: 'The oil market adjustment process is rarely what you get is a quiet, but according to the main scenario, which we prepared, the market will regain its equilibrium level of $ 80 a barrel in 2020 with prices continuing to rise after that. "

Oil prices have fallen by more than half since mid-2014 and remains currently below $ 50 a barrel threshold, influenced especially commercial assault ... pursued by the Organization of Petroleum Exporting Countries 'OPEC' at the top of Saudi Arabia as deliberately to flood the market to address the development of rock hydrocarbons in the United States.

However, the deterioration of prices this holds restore balance to the market the seeds as encourage demand and reduce production in the future as a result of the oil companies cut spending in the areas of exploration and production.

As a result, the production of non-members of OPEC will reach a maximum unit before 2020, recording just over 55 million barrels per day increase in production while the 'OPEC' will rebound thanks to Iran and Iraq.

The demand Vsyazdad at a rate of 900 thousand barrels per day a year until 2020 to reach 103.5 million barrels per day after 20 years, compared with 92.7 million barrels per day in 2014.

Agency does not entirely rule out the scenario of continued decline in prices for a long time where the level remains at around $ 50 a barrel until 2020, before returning gradually rise up to $ 85 a barrel in 2040.

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