Baku 12° C
World oil reserves melting rapidly
Energy
- 04 April, 2017
- 14:06
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 4 April. REPORT.AZ/ The volume of oil reserves or shipped to sea vessels (in maritime transit) reduced to 812 mln barrels as of April 3.
Report informs citing the Forexpf.ru, this is reported by oil market analysts from Vortexa.
According to the company, as of January 1, the world oil reserves amounted to 978 mln barrels.Thus, in the first quarter, the reduction is 17% or 166 mln barrels, which is quite a noticeable figure.Experts believe that oil reserves are falling much faster than expected.
Notably, in today's report, the French bank BNP Paribas forecasted an increase in oil prices up to $ 65 per barrel in the third quarter of 2017.
Current price of Brent crude oil is $ 53.60/bbl.
Author
Latest News
23:54
Parviz Shahbazov: Strong political ties underpin Azerbaijan–Ukraine economic cooperation
Foreign policy
23:42
Shmyhal says Black Sea–Caspian links could open new trade and energy routes
Foreign policy
23:23
Shmyhal calls on Azerbaijani companies to help rebuild Ukraine
Foreign policy
23:18
Russia plans to return nine children to Ukraine in November, official says
Region
23:06
QatarEnergy in talks with US suppliers for long-term LNG deals
Other countries
22:48
Putin ready to help end US–Iran conflict, Rezaei says
Region
22:16
Iran's Rezaei delivers letter from Khamenei to Putin
Region
21:58
Russia and Iran sign documents on Rasht–Astara railway project
Region
21:42
Zelenskyy and Costa discuss Ukraine's EU accession and Abu Dhabi talks
Other countries