If OPEC members step up the margin
Experts disagree on forecasts on the dynamics of world oil prices
Most of the time after the start of the XIII Eurasian Media Forum in Astana took a discussion of forecasts of oil prices. And many experts have had the opportunity to express their views, unanimously admitting the actuality of this topic.
"Very pressing, very modern agenda of the first session, says that we should not forget how oil prices change. Unfortunately, we have seen how difficult were negotiations of OPEC in Doha", - quoted an example, the member of the Committee of the Federation Council on Economic Policy of the Russian Federation Dmitry Mezentsev. He believes that the increase in oil production in the world - it's a matter of time. "We are well aware of that 30 billion barrels of oil per day is not the limit, even for OPEC. Today, production has increased significantly, and if there is no agreement, the selfish economic interest dominates in a number of countries, therefore, we need to understand why this is happening. And I am convinced that a very high level of experts, who present here today, will allow, perhaps to reveal some secrets", - said the senator.
Mezentsev also added that "perhaps some of the issues of acute economic agenda and the tragedy of security issues not only regional, but also global, will be the agenda of the next, fourteenth forum".
Manager of the international financial center "Astana" Kairat Kelimbetov shared his point of view with the participants of the Eurasian Media Forum. "What has happened recently in the oil markets, I think that this volatility and moves these proposals. US, Saudi Arabia increased production (oil - Ed.), all OPEC countries and OPEC members increased production", - noted Kelimbetov.
According to K. Kelimbetov, the aspirations of oil powers to increase oil production is "intention to stop oil projects and then to come back to them after 3-5 years, when they can take it under control once again".
"This is one of the possibilities, similar to what happened in the years 1985 -1986 as deja vu. But there is another view that there is a big difference compared to what it was in 1985, it is shale revolution ", - said Kelimbetov.
Then the head of an international financial center "Astana" suggested that "if the world price of oil will be below 30 USD per barrel, then there is a will on the part of OPEC members and non-members of OPEC to stop this volatility".
At a price of 60 USD per barrel "shale companies of the US could return to the markets" that will lead to battles over oil supplies. "With regard to the meeting in Doha, we see that there is an opportunity to meet again. I think that the position of Saudi Arabia is leading", - noted Kelimbetov.
Zhanar Serdalina
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