Oil price rises - will to SA and Namibia gasoline prices ripple | Republikein.com.na
The price of Brent crude is largely based on production in the North Sea. Major maintenance work next month in the largest oil fields in the area did, that oil production b scale will drop sharply. b scale
According to Bank of America Merrill Lynch (BofAML) 's weekly report on commodities, the prices of risky assets lately climbed strongly due to the expectation that monetary policy will be relaxed worldwide.
? All this is still far below the peak of US $ 126 that reached the price in March, the recent rise, if it is sustained, pose enormous challenges for the countries that import oil ,? says the group.
Although Namibia's Ministry of Mines and Energy does not give forecasts, analysts believe that local Namibian consumers also increased prices can be expected, but they did not want the exact increase exhaust.
Weaker global economic growth prospects currently printing oil demand, but BofAML b scale says oil supplies have declined so much that the difference between demand and supply is still small enough to push up the price of oil.
BofAML said the decline in Iran's production was greater than the increase in oil production in Libya, Iraq and Saudi Arabia in recent months. The oil industry, b scale accordingly, again? Similar shortage during the political crisis in Libya last year.
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The price of Brent crude is largely based on production in the North Sea. Major maintenance work next month in the largest oil fields in the area did, that oil production b scale will drop sharply. b scale
According to Bank of America Merrill Lynch (BofAML) 's weekly report on commodities, the prices of risky assets lately climbed strongly due to the expectation that monetary policy will be relaxed worldwide.
? All this is still far below the peak of US $ 126 that reached the price in March, the recent rise, if it is sustained, pose enormous challenges for the countries that import oil ,? says the group.
Although Namibia's Ministry of Mines and Energy does not give forecasts, analysts believe that local Namibian consumers also increased prices can be expected, but they did not want the exact increase exhaust.
Weaker global economic growth prospects currently printing oil demand, but BofAML b scale says oil supplies have declined so much that the difference between demand and supply is still small enough to push up the price of oil.
BofAML said the decline in Iran's production was greater than the increase in oil production in Libya, Iraq and Saudi Arabia in recent months. The oil industry, b scale accordingly, again? Similar shortage during the political crisis in Libya last year.
Upgrading cameras, sekuriteitsheffing
Murray b scale will do "anything b scale it takes" to beat Golovkin
20 02 2015
20 02 2015
Related News
Money matters
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