Friday, March 12, 2010

Oil prices on world markets went up again

Saturday, October 10, 2009, 17:14
This news item was posted in Scenario and forecasts category and has 0 Comments so far.

World market prices for oil up to the auction on Oct. 9, 2009 at the leading oil exchanges increased. Official prices of oil futures next month of delivery were:

- in London on InterContinental Exchange Futures Europe - IPE Brent Crude - 70,00 (0,23) $ /barrel.;

- in New York on the New York Mercantile Exchange - Light, Sweet Crude Oil - 71,77 (0,08) $ /barrel.

In turn, the price of oil futures Middle EastCrude Oil for Tokiyskoy Commodity Exchange (TOCOM) rose by more than 2,5%. At the end of Oct. 9, 2009 trading on TOCOM official price of the most active futures transactions (March) amounted to 39.590 (0,990) thousand yen per kl, which roughly corresponds to 71.03 dollars per barrel.

recall, yesterday the International Energy Agency (IEA) for the third time this year increased the forecast of world oil consumption in 2009-2010. According to the monthly report of the agency, is made in view of improving forecasts of recovery in the world economy after the recession.

Thus, the forecast of world oil consumption this year raised to 84.6 million barrels per day, and in 2010 - up to 86.1 million barrels per day. Previously, the IEA predicted consumption of 84.4 million barrels a day this year and 85.7 million barrels in 2010.

The IEA estimates that by the end of 2009 oil production of OPEC countries will be higher than it was in the beginning of the year and oil production outside OPEC countries before the end of 2009 and will grow and will reach 51.0 million barrels per day and in 2010 will increase to 51.6 million barrels per day.

According to the agency, oil production in the world in September 2009 increased compared to the previous month by about 310 thousand barrels per day and totaled 84.9 million barrels per day. The increase in world oil production in September was due to increased production of black gold in countries outside OPEK.Po compared with September 2008 level of oil in the world has changed little.


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