UP

In coming year maximum oil price will be 55 USD

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The price of crude oil on the world market within a year will be 40-50 USD/barrel range or will reach a maximum level of 55 USD.

Arzu Azimov, CEO at SOCAR Trading SA said.

According to A.Azimov, when prices go up, American companies increasing oil output The fact that when prices are rising rapidly, American oil companies increasing production. Therefore, the market price of crude oil will remain at 40-50 USD, maximum will reach 55 USD."

The main traders believe that the oil production more than expected in the United States and oil production in Iran and Saudi Arabia will cause imbalance in the prices for at least 6 months.

Date
2016.09.08 / 19:59
Author
Axar.az
See also

Brent crude falls to $68.80

Oil prices edge up on global markets

Oil prices drop on global markets

Oil prices rise in global markets

Bitcoin hits all-time high, surpasses $120,000

Oil prices rise on global markets

Bitcoin price breaks all-time high again

Oil prices fall on global markets

Bitcoin hits record high of $113K

Oil prices keep rising globally

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla