Oil prices are rampant in world markets. It was the cost of one barrel that exceeded the important technical level of $ 80. Experts estimate that the price of the raw material may go up to USD 6-12 per barrel in the next 100-120 months. On the one hand, this is good news for the Norwegian economy. On the other hand - fatal for owners of an internal combustion car.
Oil prices - already over $ 80 a barrel
Tuesday morning Aksjeanalyser.com reported that the price of a barrel of oil exceeded $ 80 and currently stands at $ 81,80. Analysts described the situation as a positive technical factor that will determine development opportunities in the mining industry. Experts and companies hope that the price will not fall below $ 80 and will significantly exceed $ 100 in the coming year.
Experts agree - it will be more expensive
All analysts agree that the price of oil will rise in the near future. Only the forecasts of the pace of this growth will differ. Trafigura and Mercuria, among others they say the price of crude oil will exceed $ 90 a barrel in December and $ 100 a barrel early next year.
Accurate forecasts by Aksjeanalyser.com
The forecasts provided by Aksjeanalyser.com turn out to be extremely effective. Already on August 6, 2017, they informed in their announcements that the price of oil per barrel would soon exceed USD 80. It is worth recalling that this information was provided at the time when the barrel cost $ 57. The predicted price level was to be achieved within 6 - 12 months. Thirteen months have passed since then, but the cost has reached the forecast level.
Oil prices - positive for the industry
Higher oil prices on global markets are good news for mining companies. Especially for Equinor, which has started a huge investment in new infrastructure for obtaining raw materials. More about the “Johan Svedrup” oil field project you can read on the pages of our website >>>.
However, not everyone will like the higher prices of the raw material, despite the fact that they largely determine the increase in employment in the Rogaland district (about which we wrote on August 23 >>>). Higher crude oil prices mean more expensive transport, which translates into higher prices for products that need to be shipped from one place to another. It is also not good news for owners of internal combustion cars. Not only that, they have to take into account the higher tolls prepared for them in Rogaland districts and Osloin addition, they will have to pay more for fuel.
