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International companies expect oil trading at $ 60 during the next two years

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Rocky


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International companies expect oil trading at $ 60 during the next two years



November 10, 2015 0


Officials in the international oil companies said on Tuesday they expect the continuation of the oil at low prices, and likely to be crude trading at $ 60 a barrel within the next two to three years.

Said Patrick Puyan- CEO of France's Total, the oil companies in the country aimed at events that draw in revenues and expenses for the price of crude to reach $ 60 a barrel early in 2017

Does not expect "Patrick" who was speaking on the sidelines of ADIPEC Exhibition and Conference in Abu Dhabi, the oil prices are recovering rapidly at the moment.

Oil Minister Alamaratne- Suhail Al Mazroui, predicted on Monday that oil prices are correct rise in the next year, without specifying the expected price, but said the supply and demand mechanisms in the market is what will determine the price of crude.

For his part, Michael Taunsnd- chairman of the British company BP for the Middle East, said his company expects oil prices to continue low.

He added, "Townsend", that prices may continue at a level of $ 69 during the two to three years

Oil prices fall sharply since the middle of last year to lose more than 50% of its value since then.
TAGS OIL UNIVERSALLY NEWS HIGH OIL PRICES OIL CRISIS

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