Arab Today, arab today global oil market may recover by end of 2017
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Russian Energy Minister Alexander Novak

Global Oil market may recover by end of 2017

Arab Today, arab today

Arab Today, arab today Global Oil market may recover by end of 2017

Russian Energy Minister Alexander Novak
Moscow - Arab Today

Global oil market recovery can be expected by the end of 2017, Russian Energy Minister Alexander Novak said. 
"It seems to me that by the end of 2017 we will see the end of the respective cycle (of low oil prices) and the recovery of the market," Novak said. 
He noted that the supply will be below the level of 2015 during the second, third and the fourth quarter of the current year and only by the year-end, it will reach the previous year's notch, according to the Russian (Sputnik) News Agency. 
"Due to the fact that the growth still continues, it is estimated that in 2016 the increase in [global] demand will make up from 1 million barrels per day to 1.2 million barrels per day. This imbalance (of supply and demand) will shrink," Novak outlined. 
Oil prices have plunged more than 60% from their peak of over $110 a barrel in June 2014 due to global oil production outpacing global demand

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global oil market may recover by end of 2017 Arab Today, arab today global oil market may recover by end of 2017

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global oil market may recover by end of 2017 Arab Today, arab today global oil market may recover by end of 2017

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday