World oil prices fell on Tuesday on the background of news from Libya, where gradual recovery of oil production is observed, according to RBC.
The official price of oil WTI (Light Sweet) on an urgent New York Mercantile Exchange (NYMEX) in New York after trades on January 2 , 2014 dropped to $ 2.98, and was 95.44 USD/ bbl. ; the price of Brent crude in electronic commodity exchange InterContinental Exchange Futures Europe ( ICE Futures Europe) fell by 3.02 dollars - up to 107.78 dollars/bbl.
Press secretary of the Libyan National Oil Corp. said that over the weekend two fields resumed oil production. Earlier in Libya protests in the oil fields and oil terminals have restricted the supply of crude oil to the market. In November 2013 Libya 's oil production amounted to 350,000 barrels per day; by the end of the month it fell to 250,000 barrels per day with potential production of 1.4 million barrels per day .
Speculation about a sharp rise in the stock of crude oil in the oil reservoir at Cushing (Oklahoma) also influenced the reduction of the price of "black gold", reports the BBC.
RBC recalls that in the end of 2013 analysts noted the problem of oversupply of crude oil. Now it is difficult to predict what will be the price of "black gold" when the oil starts flowing from Iran to world markets, when the blockade of rebel oil terminals in Libya will complete, and the situation in Syria will be settled peacefully, experts said. However, they admit that in the second half of the year the price of oil will fall by 15% against the level in December 2013.
Azerbaijani oil is sold under the brand Brent. By the end of 2013, production fell and was about 830,000 per day. It should be noted that in September daily average mined 912.7 thousand barrels , the agency Turan.- 0 –
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