Conflicts of interests of countries, OPEC assigned 50 percent of the value of barrel
Conflicts of interests of countries, "OPEC" assigned 50 percent of the value of a barrel
The year 2015 is an important point in the path of oil-producing countries, where I knew a major collapse of prices, what producing countries liver Petroleum huge losses, and it considered specialists Year "black" to Algeria, where the price of a barrel has nearly 70 percent of its value.
A recent report from the US central bank, the nine oil and gas companies went bankrupt in the United States during the last quarter of 2015, leaving behind debts of more than two billion dollars.
She said Baker Hughes oil services company, last Thursday, said that drilling firms stopped work for three platforms in the week, which ends on 23 December, dropping the total number of rigs to 538. It is what he sees as some analysts partially successful for OPEC.
The oil and economic analyst, Ahmed Hassan Karam yesterday, said that what we see from the increasing bankruptcy of those US companies is normal in light of oil prices tumbled to their lowest levels in 11 years.
Recorded in oil prices, last Friday, the fifth consecutive rise since Brent reached 37.89 dollars a barrel, US crude rose to $ 38.10 a barrel.
He noted that OPEC was put high volume of bankruptcy and stopped platforms into account, and therefore not to cut production due to power after a long and control oil prices again.
The Organization of Petroleum Exporting raw Countries (OPEC), at its last meeting, early December, install their rate of production, adding to the negative pressure on oil prices.
And it achieved "OPEC" some policy goals, where the oil industry has seen in the United States to cancel a lot of drilling and exploration drilling equipment and pull Weekly projects.
Analysts believe that the demand for oil may find some support, if the US economy continues to recover, and if the Chinese economy has stabilized, thanks to a series of government actions, to reduce the economic downtrend.