Oil prices continue to fall, where is the bottom?

Posted on 12-01-2015 at 11:53 by sir_smokalot – 47 Comments”

Today what happened to everyone last year for impossible kept: the price of a barrel of Brent crude oil fell below 50 USD. On to the $30 per barrel?

To the a few months ago used decrease seems to be no end to come. The reason for the new drops – at the time of writing does a barrel 48,85 USD – located in new analyses: investment bank Goldman Sachs reduced its prijsverwachting (3 months) for a vessel of 80 to 42 USD, and also Standard & Poor’s has cut 30% of its vorspelling.

The same Goldman Sachs keeps a price va 30 USD is not impossible, although this is somewhat a worst-case scenario is:

While history would suggest that a storage blow-out would push spot prices (the current trading price, red) below $35, we believe that by avoiding breaching storage capacity, the market will hover around $40, potentially dipping at times into the high $30s which we see as the likely lows of this cycle.

For the relations within OPEC, this is bad news: in particular, countries such as Venezuela and Iran feel the pain of the thumbscrews here (by the saudis) to be tightened. For countries that do not produce, but their fuel is subsidised, is the low price of oil be a blessing (and at the same time an easy way to unpopular but necessary decisions yet to be set). Also Americans that the oil from their backyard oppompten are now less keen on.

A share of Shell’s record on the Amsterdam stock exchange, currently half a percentage lower on 26,93 euros. The average nationwide retail price (GLA) is located at 1,565 Euro 95, a litre satanssap goes for an average of 1,277 euros of the hand.