Home / Oil / OPEC has aimed at the return of expensive oil

OPEC has aimed at the return of expensive oil

Страны ОПЕК нацелились на возвращение дорогой нефти

The country, consisting of a cartel of countries-exporters of oil (OPEC), began negotiating a new threshold oil price at 50 dollars per barrel, the Agency reports RNS with reference to the statement by the founder of the consulting company PIRA’s Gary Ross to Reuters.

He noted that the cost of a barrel is the new level, which should become a new starting point for the world prices of hydrocarbon raw materials.

Earlier it was reported that since the beginning of the week the price of oil Brent at London’s ICE Futures exchange rose to the level of 39.4 per barrel in connection with the reported reduction in the number of drilling rigs in the U.S. to a new low.

Oil prices have been steadily increasing for the third consecutive week under the influence of several factors. First, it is increasingly obvious failure of the shale revolution in the US, and secondly, a preliminary agreement of the countries-oil producers to freeze production at the level of January 2016.

In connection with growth of cost of oil and also strengthens the Russian currency, surpassing in currency trading of the major reserve currency in significant amount.

Check Also

Coalition forces the US to attack oil tankers in Syria

Forces under the leadership of the United States blew up three oil tankers in Syria, …

Leave a Reply

Your email address will not be published. Required fields are marked *