Monday, December 5, 2016

Guess it will happen by 2017 changes in the price of crude oil rising to the highest level in 16 months

Guess it will happen by 2017 changes in the price of crude oil rising to the highest level in 16 months

 Secretary General of the Organization of Petroleum Exporting crude oil OPEC countries pointed out in his statements that the expected rise in demand for crude oil during 2017 are as strong as this year, which would support higher prices and restore balance to the markets.



On the other hand, he noted that the rise in demand, as well as reduced rates of production by non-members of the Organization and producers during the first half of the year, would support higher price levels so as to ensure balance and stability of the markets during the coming period.

After OPEC comments by rising demand for crude oil over the next year, in addition to the continuation of prices influenced the decision to reduce production rates.

No comments:

Post a Comment

gasoline, petrol, gas

Google+ Followers