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Wednesday, 20 March 19:22 (GMT -05:00)



Stock and commodities markets

USA Will Dominate Global Oil Market, IEA Says


 

Over the next 5 years, the United States will dominate the global market of crude oil. Up to 80% of the global oil demand growth will be covered by American oil companies, Bloomberg reports with reference to the International Energy Agency.
 
It seems like the OPEC won’t be able to resist American oil producers anymore even if they quit the so-called OPEC+ agreement. American shale oil is expected to make up over 50% over the production and export growth. By 2023, non-OPEC oil producers will have grown by 5,2 million barrels a day all the way up to 63,3 million barrels a day. At the same time, OPEC nations are expected to increase their production only by 750K b/d. Venezuela is expected to become the key deterrent since its production capacities are nearly frozen by the local economic crisis.
 
In 5 years, the daily oil production in the United States is expected to increase by 2,7 million barrels up to 12,2 million barrels a day. The American export of crude oil is expected to increase by more than 100% all the way up to 49 million b/d. the IEA predicts.

China is expected to stay the world’s biggest oil consumer. The global demand for crude oil is expected to increase up to 104,7 million b/d.

At the same time, the experts warn that higher production will definitely require more investments in the industry. Because of oilfield aging, the daily production is 3 million b/s lower, which corresponds to the amount of crude oil produced in the North Sea. By 2023, the local production capacities are expected to drop down to the lowest level since 2007.

At the same time, the OPEC nations have to admit that their rivals are becoming major players in the global market. By the way, the OPEC+ agreement will expire in late 2018.
 

 

 

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Masterforex-V Names the Best Broker for Trading Dow Jones

The Dow Jones Industrial Average, the DJIA for short, is one of the oldest and most popular stock indexes in the United States. According to Masterforex-V Wiki, the index plays the role of an unbiased indicator of the entire American economy by scanning the averaged figures for America's 30 biggest corporations(Coca-Cola Co., Apple Inc., Boeing Co., The Goldman Sachs Group, American Express Co., and so much more). 

Publication date: 17 February 02:59 AM

Bitcoin Is Trading At 7-Week Lows, FortFS

Despite the prolonged downtrend seem over he last few months, the cryptocurrency market still remains a point of interest for millions of international traders and investors. Many of them still belive that blockchain is going to change the global financial market to make it simpler, more transparent and easy-to-comprehend. Some experts share this idea, especially as they report about more sophisticated and improved technologies used in trading these days.

 

 
Publication date: 14 February 12:33 AM

Alpari Gold: Philharmoniker and Krugerrand - Private Investors

Alpari Gold, which is a part of the Alpari financial brand, has had a professionally bright month. November's biggest event was the participation in a prestigious annual international expo named COINS-2018. 

 
Publication date: 29 November 07:57 AM

Alpari Gold: Philharmoniker and Krugerrand - Private Investors

Alpari Gold, which is a part of the Alpari financial brand, has had a professionally bright month. November's biggest event was the participation in a prestigious annual international expo named COINS-2018. 

 
Publication date: 29 November 07:57 AM

OPEC Loses Grip on Global Energy Market

According to many international experts, the OPEC, which used to be in charge of the global energy market, now seems to be losing its control over it. The cartel is yet to fight for its place under the sun amid a new pricing-regulation reality.

Publication date: 29 July 11:16 AM

Global Trade War Will Push Gold Price to $1400/oz

According to Bloomberg and some other online sources, the global trade war started by Donald Trump will eventually increase the dollar value of gold. In particular, they say that the price of gold may reach the 5-year high in the near future.

Publication date: 04 April 01:21 AM

OPEC Is Ready To Ask American Shale Oil Companies Not To Boost Their Oil Production

According to the Energy Minister of the UAE, the OPEC is ready to start asking American shale oil producers to stop boosting their shale oil production. The statement was made during the International Petroleum Week (IP Week).

Publication date: 06 March 10:29 AM

Shale Oil Threatens with an Oil Market Crash to 2014 Levels

The two years' period of moderately high oil prices is about to be over, the International Energy Agency assumes. They say that the global supply is likely to exceed the global demand, which will push down oil prices, may be even to the levels of 2014.

Publication date: 05 March 03:50 AM

Alpari Signs Up Russian Sportscaster Vasili Utkin

lpari has always been known for partnering with celebrities. This time this major forex brand has teamed up with famous Russian sportscaster Vasili Utkin. The partnership agreement is valid until the end of 2018.


Publication date: 05 March 01:45 AM

Oil Prices Will Be Affected By Geopolitical Risks in 2018

The end of 2017 was clearly positive for oil-exporting nations. For example, Brent oil futures traded at 66,60 dollars per barrels on December 29th. Will the existing bullish trend persist in 2018? 

Publication date: 16 January 06:32 AM