America will become an oil hegemon

14 December 2017, 11:29 | Economy 
фото с YTPO.ru

Washington will continue to increase oil production, by the middle of next year its volume will reach 10 million barrels per day. Thus, the States will beat their own rekod 1970. , when the average annual production was fixed at 9.6 million barrels per day, the Energy Information Administration of the US Department of Energy. In November, the daily volume of production in the US increased by 360 thousand. barrels per day in comparison with October indicators. The main increase was given by the platforms in the Gulf of Mexico, which catch up with the forced simple caused by the hurricane. At present, the country produces 9.2 million barrels of raw materials daily. Russia and Saudi Arabia are still ahead (10.5 and 10 million barrels per day, respectively), but they agreed to extend the agreement to reduce production. Thus, the United States will soon be able to catch up with world leaders, the "Newspaper. RU".

Analysts say that while maintaining high oil prices, US production will grow even more - 10 million barrels per day will not stop. Taking into account the growth of oil shale production in the USA by 0.7-1 million barrels per day, Washington will overtake Riyadh in terms of production volumes in 2018. And in 2019, subject to the extension of the OPEC + deal or at a new technological leap in shale mining behind the States, there will also be Russia. By this time, Americans can daily extract up to 10.7 million barrels.

On the other hand, too fast (faster than 8% per year) to increase US production is not profitable. In this case, Brent and WTI may fall in price, and then all this enterprise will lose all meaning for Americans.

International organizations also forecast an increase in oil production in the US. OPEC believes that oil production in the US next year could grow by 1.05 million barrels per day. "It is expected that the momentum observed this year will continue in 2018 on the background of increased investment in the production of shale oil in the US and increasing the efficiency of wells," the December report of the organization.

OPEC experts believe that shale oil in the new year will be "one of the main factors of uncertainty in the world oil market". Although back in September, the organization's management confirmed that the production of shale oil is falling, and the productivity of oil wells is weakening. The same was said by the Saudi ministers.

When in past years, oil prices fell to $ 40-46 per barrel, interest in oil shale began to fade. Everyone started talking about the exhaustibility of these resources and their high cost: the fact is that to extract 1 barrel of shale oil you need to spend $ 30-45. However, now thanks to the OPEC + oil deal, Stable is worth more than $ 60, and shale oil again became a risk factor for traditional production.

High demand for oil in the US and other countries can mitigate the impact of increased production. Growth of consumption of black gold is about 2.5% per year. The US needs oil 19.2 million barrels per day, that is, Americans do not have enough 10 million barrels a day, which is a very serious indicator. Due to this, next year the average annual price for oil will not fall below $ 55 per barrel, almost all international organizations and financial institutions predict.

Источник: YTPO.ru