Fri, 13 Apr 2012 09:56:00 +0400
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The international energy market has been showing some growth over the last few days. In particular, the overall price of the OPEC basket advanced 2,5% up, Market Leader reports. The price moved by $1,13/b all the way up to $44,95/b. The corresponding figures were published on OPEC’s official website.
Diezani Alison-Madueke, Nigeria’s former minister of oil and current OPEC president was arrested in London but soon released the other day. Still, she cannot leave Great Britain for now. The police haven’t commented on the matter yet.
According to the recently published OPEC forecast, if oil exporters managed to survive this year, next year they are likely going to face a financial disaster. The cartel predicts that late 2015 is going to be the time of slightly higher demand for crude oil, which may slightly support oil prices and even let them recover a little. However, early 2016 is going to be the time when the demand crashes, which may result in serious financial difficulties for major oil exporters with economies heavily dependent on oil exports (like Russia, for example).
According to the information published by The Wall Street Journal, Iran, Iraq and Saudi Arabia are going to cut their oil prices next month. Experts say this is a forced step since lower prices are required to preserve their share of the Asian market.