Saturday, February 14, 2015

Will there be a renewed decline in oil prices? – Money.pl

Will there be a renewed decline in oil prices? – Money.pl

2015-02-13 9:00

Author: Energiamax .com

Crude oil prices on world markets may soon fall again. Although after reflection from the beginning of February Brent crude prices remain at a level closer to 60 than $ 50 a barrel soon this material may come back again in the vicinity of $ 50 and remain at that level for several weeks. This means that drivers can expect in the coming days, a further increase in the prices of petrol and diesel at the pump, and then their stabilization.

â It seems that the coming weeks could bring some reflection down prices Oil . At least on the London Stock expect about $ 50 per barrel – predicts in an interview with news agency Newseria Jakub Bogucki, analyst fuel with e-petrol.pl. The price per barrel Brent has reached a minimum in mid-January at less than $ 47. It was the end of the year from June 2014. Downtrend. Late last month, but there was a clear reflection – it was the first major percentage increase since mid-2012. Since the beginning of February, a barrel of Brent crude oil costs all the time more than $ 51, and at one point was even close to $ 60. Bogucki is estimated that this upward trend will not last long, however. Stresses that the global market there is still an oversupply of raw material, and still not the best health of the global economy inhibits the demand for oil. â There should be seen as the cause s of the changes that will occur in the near future on the market, which is a reflection of the price correction down – says Bogucki. â We have to note that the growth that we have seen in recent days, has a relatively weak and short-term basis, because it is said to limit even the number of oil rigs in the United States. It is already known that for some time and its impact at the moment is a little overestimated.

As noted Bogucki, a short-term rebound in oil prices on world markets have also felt the Polish driver. Fuel stations became more expensive and currently costs an average of 4.35 zł per liter unleaded petrol 95 and 4.37 zł per liter Diesel . Although it is still significantly lower than it was in November, when a liter of 95 octane gasoline you have had to pay more than 5 zł, Bogucki estimates that reduction is not yet hope. â In the next few days we can expect price reductions, and taking into account what is happening on the wholesale market and retail station also can result in some increase – provides Bogucki. Points out that an interesting alternative for motorists can be autogas, the price of which has fallen below 2 zł per liter. Bogucki believes that it is not the end of the fuel price declines. The traditional fuels is projected stabilization or slight growth.

He added that in the long term, there are many factors that can affect the price of oil. Include competition in the United States, which, since 2009. increase production, the producers affiliated to the organization OPEC . Fighting on the oil markets is so intense that some analysts expect a drop price of a barrel up to $ 30. â Among other events, for which it is worth paying attention, you have to mention the situation in Eastern Europe – a conflict situation in Ukraine and Russia. Undoubtedly, it may have some relevance to the Polish and Central European, although if it in any way or in prices, and the stability of the supply of raw materials to the Polish do not see – says Bogucki. â If there would be any supply choke or movement of a military nature, it would undoubtedly affect prowzrostowo on oil prices.

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