Goldman Sachs: the depletion of oil stocks have begun 3/16/2016
Goldman Sachs: the depletion of oil stocks have begun
3/16/2016 0 Comments
With the price of Brent crude oil futures to $ 40 per barrel, the International Energy Agency sees light at the end of the tunnel, while Goldman Sachs Group identifies signs of improved prices. In spite of this, it warns many analysts that the recovery was going to explode as soon as prices rise to a level sufficient to keep US crude flow.
Remember the IAEA that oil production outside OPEC is set for the biggest drop since 1992, and therefore Prices have reached a minimum
barrier of $ 50 however may suffer Brent crude to overcome the barrier of 50 dollars a barrel this year because any rise another in price would delay the reduction of the required output to balance the market.
with the US crude output fell by 5.5 percent since last summer, but the exhaustion process inventory fills up has just begun, according to Goldman Sachs. This bank , which predicted decline in the price of oil to $ 20 a barrel, expect the need to keep prices low - lying enough to starve the capital producers, however , the necessary production losses to get rid of the oversupply will not occur.
Controversy on the price of $ 50 a barrel , which represents an upper limit of the ore is the wrong debate , says Sanford C. Bernstein Foundation , which sees the return of prices to $ 70 a barrel next year. She adds that the oil industry will not remain profitable at current price levels due to the loss of $ 3 per barrel last year 's product even with the reduction of corporate costs.
Production freeze the temporary rise of the price because of the failures of the Iraqi oil pipeline will fade, while talks between the (OPEC) countries not members of the organization on freeze production will have a small effect, but Iran insists its rejection of any freeze to regain about one million barrels of exports after the lifting of sanctions.
However, the direction of prices for the current year is similar to what it was last year. Fajam West Texas Intermediate rose 40 percent from March 2015 because of the collapse of American exploration work, stopping at $ 61 a barrel last summer with the continuation of the US production flow. US crude fell to almost $ 40 in August, was surprised by the flexibility of the US production of OPEC countries.
Led to a decline in costs described OPEC production expected to fall outside its by 700 thousand barrels per day as «more ambiguous». As a result of efficiency gains, the price range that allows the production to be profitable has fallen by $ 10 since last year to $ 45-55 a barrel.
there a group of wells stalled work stretches between southern Texas to the Rocky Mountains can be completed as soon as the price goes up to a level Appropriate. This reserve is associated manner of hydraulic fracturing, or cracker, used by the shale oil sector.
* Grant Smith / site Bloomberg Thamer Alheims
imported goods of course , is characteristic dominant in the domestic market so forget the new generation of young local industrially produced was , or agricultural, and even in tourism Those who have information about tourism in neighboring countries are usually more than their knowledge Bamaalmna tourist , religious and traditional wings. the
Iraqi market is that absorbed by industrial and agricultural product Btrfait (plant and animal), is not able to pay attention to the inside and the treasures of the three sectors.
Since we are not who are engaged only in this turn toward integrated economy internally minimal.
for example , Brazil has been at the forefront of industrialized countries newly although this process any reliance on the domestic market spawned a bureaucracy and corruption , blatant , and a lot of waste, but also resulted in an annual growth rate of 7 percent , or to be replaced import was a meaningful process for a long time in terms of public spending created a demand for the internal level , where the public sector Brazilian deals with about half of the total domestic production , according to published studies. it
has been corrupted by this period, as well as works in both directions , whether this economic pattern was heading out or inside this is something else that has factored objectivity, but it is important that growth internally reached 7 percent , which is a very respectable rate in spite of everything. Which enhances our domestic market is also a A is the official public sector now has more than four million employees and three million retired and goes with them employees of the care that is growing directly proportional to the violence ((Aldaasha)) and its consequences.
This is the monthly flow of funds increases the dynamics of the local market , which absorbed the indiscriminate import waste resulting from money laundering.
it is almost this constant (salaries and pensions , known to its members the government) is betting on the domestic market in the foreseeable future on the national product that we were exported as a result of the weakness of the domestic market at the time to the limited money supply in a timely manner with a fence of custom respectable prevents abortion product local which was the economic Iraq 's identity before the oil.
maybe Ananaj to discuss the implementation of the promotion of the local product mechanisms as much as we need the will of the repulsive intervention backed by the forces of corruption are still active, they are the essential foundation upon which the indiscriminate importation , which constitutes a dam and managed to keep the flow of our national currency to complement its internally not economic , but also extends to re - new social structure that lists still exist do not need is a flick.
and thus stops bleeding currency auction (random icon economic) and get back to usual opening credits and the operations of foreign exchange incomplete Chiefs as a filter for impurities and isolate the parasites inside and out and back the rhythm of harmonious performance between the three sectors to become the locomotive for the rest of the activities.
Parliamentary Integrity: there are fake companies dealing with community banks to smuggle currency abroad
He parliamentary Integrity Committee member Abdul Karim Abtan the Committee in accordance with Article 91 of the Constitution has the arms to fight corruption, a committee revealing not have the power to investigate or arrest.
Abtan said in an interview, said that the arms of the three is the Integrity Commission and the Inspector General and the Financial Audit Department, noting that all the files referred to the judiciary, which the authority concerned to take appropriate decisions and judgments.
Abtan said that the amounts that were stolen in Iraq came through administrative and financial corruption, pointing out that the money that entered Iraq since 2003 and so far exceed eight hundred billion dollars.
He Abtan that huge sum like this, with what we assume that half of it went to the operating budget, we can in the second half to build a new Iraq of building comparable to what exists in developed countries.
He said a member of the Commission that there are fake companies operating in Iraq and deal with community banks are smuggling money out of Iraq in exchange for receipts and false invoices.