The US Department of Energy predicted a record surplus of black gold & # 39; in the market. To stop the tsunami on the shale, prices should fall to about $ 40 per barrel.
Experts have revealed what the Kremlin strategic misconcept was about and how the White House would hit the Russian economy, reports Dialog.UA, referring to Finance.Ru.
As a result of the steps taken by Russia and the OPEC, which, as you know, have reduced production and high prices, there is an increase in the cash flows of shale companies, which allowed the latter to increase its investments. This is how the & # 39; schalierevolution & # 39; a second wind in America.
The US Department of Energy recently predicted a record surplus of oil on the market in the last three years. The production of shale in America continues to outperform the most optimistic forecasts: by the end of the third quarter of this year, the total production of "black gold" reached 11.24 million barrels per day.
It is also reported that since the beginning of 2018 production volumes have increased by 1.3 million barrels per day, and by the end of the year growth will be 1.6 million barrels, a third more than the last forecast of the Ministry of Energy.
A new prognosis for the following year is also being increased – from 12.16 to 12.31 million barrels per day. After all, the global market has returned to a surplus, which will only increase.
At the moment, surplus barrels of oil fill all the vaults. During the OPEC + agreement, the commercial reserves in the OECD countries dropped from 3,029 to 2,806 billion barrels.
They see this problem at OPEC level: in the coming weekend, at a meeting in Abu Dhabi, OPEC + ministers will again discuss production reductions.
According to analysts at the Russian Federation's Energy and Finance Institute, prices should fall to $ 40 per barrel to stop the "schalite tsunami". With such tenders, production growth will slow to 0.3 million barrels per day in 2019 and will be replaced by a decrease – by 0.6 million barrels per day in 2020.
However, this oil price has a disastrous effect on the Russian economy. That is why some Russian political scientists claim that America specifically increases the amount of shale oil to "strangle" the Russian economy.
Recall information has been received that the Russian authorities have failed to get money for closing the gaps in the state budget for three weeks.
It was also reported that Tehran Moscow gave a "oil" multimatum that demanded a reduction in production.
By the way, a year later Russian Ural oil will drop sharply in price as a result of new rules on the market, which will have a catastrophic effect on the economy of the "pinned" power.