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World Oil Market Forecast (in)

The impact of oil refining device for long-term operating rate of more than 90% is difficult. So, as demand growth, need to add refining capacity. Some new refining capacity in the environmental protection requirements may be more wide-orange developing countries. Since the end of the price since the Gulf War, due to surplus until 1993, still no crude oil production capacity, making the price of crude oil fairly stable. Saudi Arabia seeks oil from the market caused by the collapse of the oil market in 1986 to 1986, Iraq invaded Kuwait election time,moncler paris, the price of crude oil has gone through several major fluctuations. The average world price of crude oil exports from 1985 to $ 26.86 / barrel in 1986, down to the barrel. But the i988 on the impact of crude oil production quotas, price of crude oil dropped to fork i3.80 U.S. dollars / barrel. i989 crude oil production in the control of the strengthening of circular cross price of crude oil rose to i6.66 U.S. dollars / barrel. When i990 Iraqi invasion of Kuwait, crude oil prices are at weak. Iraq's invasion of Kuwait crude oil prices in the i990 to i0 months in January 1983 election to the highest level since 33 U.S. dollars / barrel. In 1990 the annual average price of 2I. _ 36 U.S. dollars / barrel. January 1991 Middle East war ended, the export price of crude oil fell, and gradually stabilized. i99i-year average price of crude oil l7.80 U.S. dollars / barrel in 1992 dollars for the L7.95 / barrel. dagger six months of 1993,ghd glätteisen Deutschland, crude oil prices fell to I6.95 U.S. dollars / barrel, mainly because for countries to accept its OPEC crude oil production capacity has not been more successful, and the demand for OPEC crude oil production growth. oil and gas magazine estimated, I993,converse all star, the average annual value of world exports of crude oil is about I6.80 U.S. dollars / barrel. to the i993 at the end because of the increased demand for crude oil prices will rise will depend on the meeting of OPEC to maintain production agreement in September, but oil prices still i993 can not back up to the beginning of the price level. Since 1994, the world price forecast increase in demand for petroleum products, crude oil prices will moderate prices. Oil and Gas Journal estimated, due to the growth in demand for crude oil production over the growth of the new faster Therefore, excess production capacity will be reduced. i994, the average price of crude oil i7.60 U.S. dollars / barrel. i995 continued growth in demand, crude oil prices will further rise, the average price of crude oil exports will increase i825 U.S. dollars / barrel. However, Iraqi oil will return to the market, the increase in crude oil production capacity will exceed the increase in oil demand, OPEC will be the end of 1995 distributed among its member states to increase the I million barrels / 11 of excess production capacity. Iraq's crude oil production in 1996 Middle East war will reach the level before the rest of the production capacity will produce a certain pressure. This new weak crude oil market for crude oil would make the average price of crude oil exports fell thistle I7.85 dollars / barrel. So In the next three years the possibility of over-production possibilities than the lack of production is much greater. But growth will need to prevent the oil price collapse. In general, if there is no particular reason, then oil the next three years prices will remain stable. price stability will help to stimulate demand, particularly the United States and Canada, two countries in oil taxes than other members of the Organization for Economic Cooperation and Development to be low, while raw material costs in the total costs of petroleum products greater proportion. tax effect, however, even the oil products in the United States Government to increase the income tax as an important tool. so praise the United States three years after the prices of petroleum products may also grow faster than crude oil prices. In most members of the Organization for Economic Cooperation and Development, the higher the number of oil products consumption tax can be made from crude oil demand to price fluctuations. but with the product and change tax rates, lower refining costs are likely to affect the demand for certain products. In general, gasoline and other motor vehicle fuels have the highest rate, in such countries,ugg boots günstig, the level of economic activity is consumption of petroleum products, the main determinant of the level, the International Energy Agency reported that the current gasoline price data that the price difference between consuming countries: the United States i.12 dollars / gallon,UGG España, Canada i.54 dollars / gallon, Germany $ 2.99 / gallon, Spain 3O0 dollars / gallon, the United Kingdom 307 United States / gallon, France $ 358 / gallon, Italy Dog Lee $ 3.87 / gallon, 11 $ 4.46 / gal. Quarry prices of petroleum products three years after the most volatility and changes in tax than the relationship between changes in crude oil prices higher.