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  • Sheet steel in Mariupol, Dnipro and Kiev

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Kuwait gives forecast of oil prices in the IV quarter

Кувейт дал прогноз цен нефти в IV квартал
Since the summer of 2014 and at the end of 2015, the oil price has more than tripled, reaching $ 36 from $ 115 per barrel of Brent. In early 2016, it dropped below $ 30. This decline is attributed to high levels of global production and slowing demand, including due to a slowdown in economic growth in China.

In the fourth quarter of 2016, the demand for oil is expected to rise and lead to a rise in the price of "black gold" to the level of $ 60 per barrel. In 2017-2018, the price of this raw material can be kept in the range of $ 50-60 per barrel, according to the Minister of Oil of Kuwait, Anas al-Saleh.


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