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Energy Agency estimates that with falling oil prices
The price of crude oil will decline in the medium term according to estimates by the International Energy Agency slightly. However, prices will continue to move at a historically high level.
The price of oil will decline slightly in the medium term.
Source: AP
ParisDie ailing global economy and an increase in oil production expected in the opinion of the International Energy Agency (IEA) in the medium term lead to a slightly lower price for oil. The price of crude oil in 2017 could be at $ 89 per barrel compared to $ 107 this year, the IEA said in an outlook released Friday. The prices were so but still at a "historic" high level.
Gold boom ended
According to the IEA, oil demand in the coming years will grow less strongly than previously thought -. Annually by only 1.2 percent of today 89.79 million barrels per day to 94.45 million barrels per day in 2016 Reasons therefore include the debt crisis in Europe, but also signs of a slowdown in growth in China. Also likely technological developments push the oil consumption and the demand for oil.
OIL PRICE
COMMODITIES
Oil prices set to slightly
AFTER win
Oil prices are easy to
CRUDE OIL
Prices for Brent and WTI fall
In parallel, the energy agency expects "good news on the production side," as IEA Secretary Maria van der Hoeven said. Thus, the oil production in Libya was quickly jumped back as expected, total climb the promotion of OPEC oil producers. The IEA but also points to a growing oil production in North America, among other shale and sandstone. "We are confident that the tight oil markets could calm down," said van der Hoeven.
