OPEC expects the price of oil at $ 160 a barrel in 2040

[yota691]

OPEC expects the price of oil at $ 160 a barrel in 2040

History of edits:: 2015/12/23 18:26 • 94 visits readable

[Follow-where] 
OPEC report said prospects for the global oil price assumption that [nominal] basket of crudes will reach about $ 160 per barrel by 2040 (after 25 years) to coincide with the global oil demand growth by 20%.

This is equivalent to the default price the current price of $ 36.97 a barrel, indicating that the Organization of Petroleum Exporting Countries, which produces its members about 40% of global output, do not expect the return of oil prices over the long term to the level of $ 100 a barrel, according to what I said [CNN BBC America]. 
OPEC said that the price of a barrel of oil in 2020 will reach $ 70, down from $ 95.4 anticipated last year. 
The organization also expects that the oil sector needs over the next quarter century investments of about $ 10 trillion despite the oversupply, so as to avoid sudden jumps in prices. 
OPEC also predicted that demand for its oil of up to 30.7 million barrels per day in 2020, down from 30.9 million barrels per day next year, and least expected for OPEC oil demand in 2020, the size of about one million barrels per day from the current level of production . 
The report said that global production of tight oil will reach 5.19 million barrels per day by 2020 to peak at 5.61 million barrels per day in 2030 and then falling back to 5.18 million barrels per day in 2040 with the accession of Argentina and Russia to North America in the production of this oil. 
The last year's estimates indicate the arrival of the arbitrator's oil production to 4.5 million barrels per day by 2020 and to 4 million barrels per day by the year 2040 
and raised the "OPEC" its forecast for global oil demand in the medium term as it expect his arrival to 97.4 million barrels a day by 2020, up 500 thousand barrels per day for the year report Almadi.anthy

 

 

OPEC: 95% of cars will continue to work with fuel oil until 2040

History of edits:: 2015/12/24 12:18 • 43 visits readable

[baghdad-where] 
the Organization of Petroleum Exporting Countries [OPEC predicted that about 95% of all cars and commercial vehicles around the world types, will continue to work resulting from crude oil with fuel until 2040.

We OPEC, in a report titled [global outlook for oil, the newly released, that the use of renewable energies, will rise, but electric cars will not play any role in the coming period. 
It continued that "the use of renewable energies will increase in the futures, but will continue its secondary in Global demand market, in the coming period. " 
The OPEC report, in time experienced by global oil prices fall sharply, by more than 50%, during the past 19 months, creating a deficit it happens for the first time in decades in the budgets of some of Petroleum Exporting Countries. 
According to OPEC, the demand for hydroelectric power will decrease slightly in 2040, with a stake of 2.5% over the current level, "and will continue to wind energy are relatively small at 4.3% of global demand." 
The report predicted, global economic growth of 3.8% in the years 2018 - 2019 and forecasts annual economic growth till 2040 by 3.6%. 
believes that the economic performance of the countries of Economic Cooperation and Development (OECD), will grow by 5.1% .anthy

[sandfly]

THANKS

[magawatt]

OPEC is dreaming. Batteries with the energy density of gasoline are in the works today. Long before 2040 burning petroleum products for energy will be history.

[captl1]

I predict in 2040 there will be no OPEC.

[magawatt]

http://www.cam.ac.uk/research/news/new-design-points-a-path-to-the-ultimate-battery

[jeepguy]

they are saying  the cars will still be around  using  oil  and gas ,   folks in the hills of  Tennessee and Kentucky ,  will only  just  have heard  of   battery  packs  and  other  forms  of transportation !   as  for  me  - I am going too start buying  barrels of  oil at 40.oo  per barrel , and wait till  it   hits   the  160 .oo   woooo  hoooo   made  triple  the  investments  ...

[10 YEARS LATER]

I predict in 2040 there will be no OPEC.

I'll second that prediction - although I'd like to see the demise of OPEC much sooner, sometimes wishes may be granted, slowly. Nevertheless, OPEC's end will happen !! 

[unirod]

Any of my remains may be oil by 2040!

[SgtFuryUSCZ]

I predict in 2040 there will be no OPEC.

***///

That, and the fact us 'OlGals'll be worm food by then... soooo....  good luck to the rest of ya ! 

[keylime]

I predict oil and OPEC will both go the way of the dinosaur.  

 

MERRY CHRISTmas to ALL!!!!!

[Antietam]

I'll be dead by then. My children will be living high on the hog with their big dinar RV money, so they won't care either. Of course it could still be stuck at 1166 to 1 in 2040. I bet if that happens the gurus will still be making their RV calls, "Any day now". And TNT will be out of jail by then too.

[SgtFuryUSCZ]

I predict oil and OPEC will both go the way of the dinosaur.  

 

MERRY CHRISTmas to ALL!!!!!

***///

 

OPEC is already all about dead dinosaur juice !  KEYLIME -- you funny ! 

[SnowGlobe7]

I will be on my fifth tesla by then    

 

Let me know how that works you for ya OPEC

[gymrat76541]

Somebody ain't reading the news! LOL

[djgabrielie1]

Hope and Dream OPEC. By 2040 the dependence on oil will be far less. No matter what you wish.

[calkid11]

Thank you

[TennesseeCherokee]

While it might be that in 24 years, a barrel of oil will cost $160, the demand for it will not be very great.

In 24 years, homes, cars and transportation will not rely on for filthy fossil fuels any longer.

As lubricants go, synthetics are already here and are better at maintaining bearings and such, than the original.

All these ME countries best start diversifying their exports now and be ready for other products.

[djgabrielie1]

Merry Christmas

 

[yota691]

OPEC expects oil adoption as a source of energy head until 2040

 

 

         

12/29/2015 0:00 

 Baghdad follow up the morning 

came the expectations that launched «OPEC» Organization in a report that 94 percent of the cars around the world will continue to operate petroleum products until the year 2040. 

The organization pointed in its observational oil around the world to that without technological breakthrough, the vehicles powered electrical by batteries marketed which will not improve will not get a large share of the market in the near future, the report stated that electric cars will have only one percent of the total percentage of car sales by

2040. 

She «OPEC» to the presence of little demand for vehicles that operate energy alternative, consisting of hydrogen and natural gas, due to high costs and lack of presence allocated to these vehicles fuel stations. 

«OPEC» and rely heavily on their profits on the transport sector, so one can not surprising the outlook for the car market of alternative energy. 

This view which supports the optimistic opinion -time traditional energy contained in the OPEC market report is not balanced with the case of the current market as oil prices fell in trading on Monday after the holiday Birth long holiday with US crude oil defend the gains Hakhaa at the last meeting. 

The price of futures contracts for WTI US mediator to the nearest month to $ 37.41 a barrel maturity, for another settlement him. 

Brent fell to $ 37.21 a barrel, which means the raw defend the US for price achieved on Brent last week difference. 

The trading volume low for contracts both already allocated in the first session after the Eid holiday 

Birth. 

and low prices Oil is blamed analysts to continue the case satiety about supply in the world markets for crude oil and petroleum products. 

It is known that gold oil positively associated as it is yellow metal hedging tool against inflation, led by 

oil. 

The price of gold fell on Monday, with the descent of oil prices has not acquired the yellow metal demand it as a last safe in spite of the dollar's decline and Asian stock where scarcity of liquidity continued in Week 

holidays. 

fell Spot gold 0.2 percent to $ 1073.10 an ounce and silver fell about one percent to $ 14.21 an ounce, and the dollar index, also near its lowest level in two months, which reached earlier this month. 

Among other precious metals platinum fell 0.11 percent to $ 880.5 an ounce and palladium 0.44 percent down to $ 556 an ounce.