Jeg tipper at vi nÊrmer oss en topp her nÄ, bÄde indeks og olje er litt hypet opp, men jeg tror ikke markedet kan holde oppe dampen. Reduser / selg olje og indeks.
Oil price slump to keep sector 'in doldrums until 2018â
Jun 9, 2016
BP chief economist issues bleak forecast after Shell warns âlower foreverâ scenario will lead to further cuts
The oil industry faces two more years of woe thanks to excess supply from Saudi Arabia and Iraq that will keep barrel prices at low levels, says BPâs chief economist.
Spencer Dale says the global glut of oil could take up to 18 months to decline, holding prices down and heaping yet more pressure on Britainâs North Sea oil industry.
He adds that there is a surplus of about 700 million barrels of crude, with around 50 per cent of it languishing in storage tanks and ships in developed countries. The other half is thought to be stockpiled in developing countries such as China.
This excess stock is the biggest in the history of the oil industry. Daleâs 18-month timescale means there is little prospect of a swift recovery in prices to the levels above $100 a barrel recorded two years ago.
Oil hit its highest price in eight months yesterday, rising for a third consecutive day to more than $53 a barrel at one point. This is still a far cry from June 2014, when it stood at $114.