 Oil Market and Prices Prospects for 2014Mariana Papatulica Revista de Economie Mondiala / The Journal of Global Economics, 2013, vol. 5, issue 4 Abstract: The international crude oil prices started the year 2014 within parameters comparable to those of the precedent year: WTI (USA) recorded 92 $/barrel, on the American spot market, considered a minimum value for the last 5 weeks, while Brent (Great Britain) had a more stable evolution, on the spot Rotterdam market, staying around a value of 107,50 $/barrel. Despite analysts’ forecasts, which during the last 3 years staked on a lower oil price, as a consequence of the spectacular increase in non-OPEC oil production, namely of shale oil, the international oil price, namely that of Brent, closed each of the last 3 years around the same level, of 108 $/barrel. As for 2014, the great majority of oil analysts estimates again a decline of oil prices, as a result of a significant rise of oil offer globally, which will greatly surpass the demand rise. Keywords: rude oil price; oil market; oil price forecast; geopolitical risks; governmental policies; Iran (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:5:y:2013:i:4:id:2822000008749007 Access Statistics for this article Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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