Post by account_dsabled on Jan 1, 2024 22:09:46 GMT -8
Gurutsco ponts out that next year there s a chance of seeng WT ol prces below 50 USD per barrel after OPEC remans n conflct. Ol producton exceeds agreement Meanwhle, producton capacty outsde of OPEC contnues to ncrease. Mr. Komsorn Prakobphol, Head of Economc Strategy Unt, TSCO Economc Strategy Unt : TSCO ESU, revealed that t s estmated that n 2020 the prce of West Texas crude ol (WT) may fall to a level below 50 US dollars. per barrel due to the conflct n the OPEC group (OPEC) startng to show sgns of becomng more and more serous. coupled wth the poor fnancal poston of member countres Therefore, t s expected that there s lttle chance that further reductons n producton by OPEC wll be successful. f that happens, the world ol market wll enter a state of oversupply. (Oversuppled) Fnally, "despte the attack on ol felds n Saud Araba n md-September, t wll severely affect Saud Araba's producton capacty and cause the OPEC group's total ol producton volume to drop to the lowest n more than 10 years.
However, at present, Saud Araba All producton capacty was restored wthn just 2 weeks Job Functon Emal Database after the attack. whch s lkely to ncrease Saud Araba's producton capacty returned to normal levels n October, and f the declne n Saud Araba s not counted Producton volumes of other OPEC members contnued to ncrease. Especally raq Ngera and Ecuador whch has always produced more than the quota ncludng Russa, whch even produces below quota. But producton has ncreased sgnfcantly n the past 2 months. Ths ponts to a lack of dscplne n complyng wth the OPEC+ producton reducton agreement," Mr. Khomson sad. n addton, there was also news that Ecuador has announced that t wll wthdraw from OPEC membershp effectve January 1, 2020 after experencng fnancal problems wthn the country. and wants to ncrease ol producton n order to generate ncome for the country Although Ecuador s a small ol producer, whch produces only 540,000 barrels of crude ol per day. And f compared to the peak producton volume n 2014, Ecuador has the potental to ncrease crude ol producton by only 24,000 barrels per day. whch should not affect world supply much But Ecuador's wthdrawal t ponts to conflcts n the OPEC group that have been smmerng for a long tme. Amd a chronc declne n ol prces over the past fve years , Ecuador s not the frst country to wthdraw from OPEC. Prevously, Qatar and ndonesa t has already announced ts wthdrawal n early 2019 and 2017, respectvely, wth Qatar ctng a lack of voce n OPEC's decson to wthdraw, whle ndonesa has become a net ol mporter.
[mg]https://manchestermassage.net/wp-content/uploads/2023/12/Job-Functon-Emal-Database.png[/mg]
Tryng to control producton n order to push up the prce of ol wll cause more harm to the country than good. However, lookng ahead OPEC's challenge goes beyond just keepng producton under agreed-upon quotas. But t also ncludes tryng to further reduce producton volumes to avod oversupply n the market next year. f referrng to fgures from OPEC's Monthly Ol Market Report, October 2019 ssue, t s estmated that world crude ol demand wll ncrease by only 1.08 mllon barrels per day. (Lowest snce 2011 followng slower economc growth) whle the volume of crude ol producton from outsde the OPEC group wll grow by 2.20 mllon barrels per day, meanng that f OPEC contnues to produce the same amount of ol, The world ol market wll nevtably enter a state of oversuppled n 2020. Tags l About preecha bnmanoch Templatesyard s a blogger resources ste s a provder of hgh qualty blogger template wth premum lookng layout and robust desgn. The man msson of templatesyard s to provde the best qualty blogger templates whch are professonally desgned and perfectlly seo optmzed to delver best result for your blog. Newer Artcle The SEC Warns People To Be Careful Of Beng Trcked nto nvestng n Dgtal Assets.
However, at present, Saud Araba All producton capacty was restored wthn just 2 weeks Job Functon Emal Database after the attack. whch s lkely to ncrease Saud Araba's producton capacty returned to normal levels n October, and f the declne n Saud Araba s not counted Producton volumes of other OPEC members contnued to ncrease. Especally raq Ngera and Ecuador whch has always produced more than the quota ncludng Russa, whch even produces below quota. But producton has ncreased sgnfcantly n the past 2 months. Ths ponts to a lack of dscplne n complyng wth the OPEC+ producton reducton agreement," Mr. Khomson sad. n addton, there was also news that Ecuador has announced that t wll wthdraw from OPEC membershp effectve January 1, 2020 after experencng fnancal problems wthn the country. and wants to ncrease ol producton n order to generate ncome for the country Although Ecuador s a small ol producer, whch produces only 540,000 barrels of crude ol per day. And f compared to the peak producton volume n 2014, Ecuador has the potental to ncrease crude ol producton by only 24,000 barrels per day. whch should not affect world supply much But Ecuador's wthdrawal t ponts to conflcts n the OPEC group that have been smmerng for a long tme. Amd a chronc declne n ol prces over the past fve years , Ecuador s not the frst country to wthdraw from OPEC. Prevously, Qatar and ndonesa t has already announced ts wthdrawal n early 2019 and 2017, respectvely, wth Qatar ctng a lack of voce n OPEC's decson to wthdraw, whle ndonesa has become a net ol mporter.
[mg]https://manchestermassage.net/wp-content/uploads/2023/12/Job-Functon-Emal-Database.png[/mg]
Tryng to control producton n order to push up the prce of ol wll cause more harm to the country than good. However, lookng ahead OPEC's challenge goes beyond just keepng producton under agreed-upon quotas. But t also ncludes tryng to further reduce producton volumes to avod oversupply n the market next year. f referrng to fgures from OPEC's Monthly Ol Market Report, October 2019 ssue, t s estmated that world crude ol demand wll ncrease by only 1.08 mllon barrels per day. (Lowest snce 2011 followng slower economc growth) whle the volume of crude ol producton from outsde the OPEC group wll grow by 2.20 mllon barrels per day, meanng that f OPEC contnues to produce the same amount of ol, The world ol market wll nevtably enter a state of oversuppled n 2020. Tags l About preecha bnmanoch Templatesyard s a blogger resources ste s a provder of hgh qualty blogger template wth premum lookng layout and robust desgn. The man msson of templatesyard s to provde the best qualty blogger templates whch are professonally desgned and perfectlly seo optmzed to delver best result for your blog. Newer Artcle The SEC Warns People To Be Careful Of Beng Trcked nto nvestng n Dgtal Assets.