Year 2015 has entered crude in sharp decline may continue even in 2016. However, in the second half of the new year expected growth recovery in crude's hopes are over.If global market growth has returned, crude oil may come in recovery.
Can reach $ 30 prices in 2016
Year in 2015 to 31 per cent and prices of crude oil, Brent crude slid 35 per cent in see.There, in the month of December crude was down to $ 35 after the February 2009 's lower level.Global markets in the short term recovery is not likely in early new year crude continuing pressure on.Energy expert Narendra Taneja in 2016, according to crude prices can continue to squeeze in.Domestic demand and supply due to years of moving in the first few months of crude stayed between $ 42 to 30.
While falling prices can get props
Narendra Taneja says crude oil prices decline due to low demand and high supply behind.Narendra Taneja, voiced hope that the global market from third quarter of 2016 year recovery view.While OPEC countries cut the supply by some what this year. In fact, crude slid more than a limit long term lasting oil producing country may consider cutting supplies.Because oil-producing countries include many small country can't afford more losses than a range. While u.s. oil companies in the coming time from 10 to 12 million barrels per day may decrease.92 million barrels currently produced in the United States per day level. The total supply decreases and demand recovery in the last 6 months of the year from crude recovery expected.And the price of crude at $ 40 a barrel might be between 58.
Increased crude oil production in the u.s.
Crude prices next time pressure grows in us crude production also prominent. This u.s. crude stocks have reached record levels.Average u.s. crude production in 2015 April 96 million barrels per day reached the level. This is the highest level since the 1970 's.In the us, crude production from cheap loans faster and better techniques. Years 2010 to 2014 between crude oil prices after record boom in the u.s. crude production was stressed.With the help of better techniques in the United States see boom in crude production.Due to high crude stock prices right now while continuing to pressure signs.
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