The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Running out of time to reduce stockpiles in 2017, Statoil says

Pubdate:2017-06-26 10:59 Source:liyanping Click:

NEW YORK (Bloomberg) -- The oil market is running out of time for crude inventories to show a significant drop in 2017, according to Statoil ASA’s chief economist.

When it comes, though, the correction "will be relatively rapid," said Eirik Waerness in an interview at Bloomberg headquarters in New York.

Analysts have been surprised by the intransigence of global oil stockpiles, according to Waerness. That’s because the focus has been mostly on U.S. shale, missing the "flow of oil from projects that were decided back in 2010” and now are coming online. Production is even increasing in the North Sea, where analysts expected a decline, he said.

This makes it more difficult for OPEC to increase prices, according to Waerness.

"At some point, impact from an ebbing flow of projects will slow down," he said. "Patience is the name of the game. Current prices are unsustainably low. Producers are not making enough to cover production cost."

West Texas Intermediate, the U.S. benchmark, closed at $43.01/bbl on Friday. Prices in New York have declined 19.8% this year, dropping more than 20% below the 2017 high on Wednesday to slip into a bear market amid an ongoing supply glut. Drillers added rigs to the shale patch for a record 23rd straight week, according to Baker Hughes Inc. data reported Friday.

Unlike the International Energy Agency, Statoil expects oil demand to peak in 2030 under its central scenario. That is too late to meet the temperature target outlined in the Paris Climate agreement.

"Peak oil has to happen extremely rapidly, by 2022, or we won’t reach that target," said Waerness.

 

 

 

主站蜘蛛池模板: 美女一级毛片毛片在线播放| 久久久精品久久久久久96| 7777精品伊人久久久大香线蕉| 浪货一天不做就难受呀| 夜夜躁狠狠躁日日躁视频| 免费一级一片一毛片| 亚洲欧美日韩综合一区| 99久久中文字幕伊人| 毛片免费视频在线观看| 国产美女视频网站| 亚洲成a人片在线观看中文动漫| 两个小姨子在线观看| 精品无码国产一区二区三区51安| 日韩视频在线观看中字| 国产在线不卡一区二区三区| 亚洲国产精品人久久| 最新黄色免费网站| 波多野结衣厨房被强电影| 国内精品久久久久伊人av| 免费一级特黄视频| 99国产精品自在自在久久| 精品久久久久久久中文字幕| 女房东用丝袜脚夹我好爽漫画| 亚洲综合久久成人69| 1024手机看片基地| 日韩精品中文字幕视频一区| 国产精品videossex国产高清| 亚洲av人无码综合在线观看| 香蕉视频在线观看www| 日韩欧美理论片| 国产一区二区在线视频| ww在线观视频免费观看w| 波多野结衣av无码久久一区| 国产精品一区不卡| 久久人午夜亚洲精品无码区| 美女裸免费观看网站| 手机在线看片不卡中文字幕| 免费网站看av片| 一本久久a久久精品亚洲| 消息称老熟妇乱视频一区二区| 国产精品视频a|