PDA

View Full Version : OPEC expects a loss of 8% of global share with enhanced in oil shale production



Hue Mi
11-11-2013, 07:12 AM
OPEC expects a loss of 8% of global share with enhanced in the production of oil shale (http://www.burathanews.com/news_article_218129.html)

Ali Salman-10/11/2013-9: 08 pm | Hits: 57

http://www.burathanews.com/media/pics/1384107686.jpg
Headquarters of the Organization of petroleum exporting countries OPEC in Vienna

I expected the Organization of petroleum exporting countries OPEC, to lose about 8% of its share in the world oil market during the next five years, with growing shale oil production in North America.

The Organization predicted in its annual report, the demand for oil by 1 million barrels a day until 2018, and analysts said oil shale spree will negatively affect Gulf States and Iraq, predicted Abdullah Al-Badri, Secretary-General of OPEC, oil prices remain at a level between 100-110 dollars a barrel until the end of 2013, reinforcing expectations that the Organization at its next meeting early next month on the production quotas of 30 million barrels per day, so that the present report carries the endorsement of time The first part of the Organization of the impact of oil shale and its repercussions.