Such amazing and transport of changes in that industry is wonderful to have someone at the home of an agency like the International Energy agency which is so incredibly important. I would like to welcome him to make some remarks to the presentation, and we will have a bit of a discussion about how he is seeing the trends that he will lay out before us. On behalf of a member of our board thank you. [applause] thank you very much for this kind introduction. Good afternoon, ladies and gentlemen. It is a pleasure to come back to csi s. It is a pleasure and honor to come and try to share our news about the Global Energy market with the critics year and learn from them, the questions and comments. Thank you very much. So in the next half hour or so i will try to share with you where we are today in the Energy Markets and where we think we will be heading and the implications of those. Now, when we look at this year where we are we see the lower oil prices, one Important Note is that the esti
Well Oil Prices Fell to their lowest level in nearly five and a half years. They settled at 63. 05 a barrel, barry worth the price of carrying this barrel along. And getting below 63 in the trading session, sometimes creating a good plan for people trying to get more gas at the pump. In less than six months the price of a barrel of oil has dropped about 41 . The main culprit for this is an oversupply of oil in the world, and decreasing demand. At the same time, americas fracing boom is adding to the oversupply. There might be as many as a million extra barrels of oil than the world demands. Saudi arabia the swing prices upward if he wants to. It says it is keeping his levels at the same level for the foreseeable future. Gasoline prices have come down to their cheapest level in four years. The National Average has falled to 2. 67 a gallon. Thats more than a gallon lower than it was in june. But that is bound to drop to 2. 50 a gallon after christmas. And oil prices could dip to as low a
Well Oil Prices Fell to their lowest level in nearly five and a half years. They settled at 63. 05 a barrel, barry worth the price of carrying this barrel along. And getting below 63 in the trading session, sometimes creating a good plan for people trying to get more gas at the pump. In less than six months the price of a barrel of oil has dropped about 41 . The main culprit for this is an oversupply of oil in the world, and decreasing demand. At the same time, americas fracing boom is adding to the oversupply. There might be as many as a million extra barrels of oil than the world demands. Saudi arabia the swing prices upward if he wants to. It says it is keeping his levels at the same level for the foreseeable future. Gasoline prices have come down to their cheapest level in four years. The National Average has falled to 2. 67 a gallon. Thats more than a gallon lower than it was in june. But that is bound to drop to 2. 50 a gallon after christmas. And oil prices could dip to as low a
Well Oil Prices Fell to their lowest level in nearly five and a half years. They settled at 63. 05 a barrel, barry worth the price of carrying this barrel along. And getting below 63 in the trading session, sometimes creating a good plan for people trying to get more gas at the pump. In less than six months the price of a barrel of oil has dropped about 41 . The main culprit for this is an oversupply of oil in the world, and decreasing demand. At the same time, americas fracing boom is adding to the oversupply. There might be as many as a million extra barrels of oil than the world demands. Saudi arabia the swing prices upward if he wants to. It says it is keeping his levels at the same level for the foreseeable future. Gasoline prices have come down to their cheapest level in four years. The National Average has falled to 2. 67 a gallon. Thats more than a gallon lower than it was in june. But that is bound to drop to 2. 50 a gallon after christmas. And oil prices could dip to as low a
Is the verdict of the child sony chief executive as he speaks out for the first time about the cyber attack prompted by the interview. Welcome to countdown. Lets start with the global selloff that is characterized at the start of the trading year. Asian stocks fell the most in seven weeks aided by the decline of crude and the fragility of the eurozone. In the u. S. , the price of wti crude fell below 50 a barrel for the First Time Since 2009. Energy companies have been the biggest losers in the selloff which is wiped out more than 1 trillion of equity verio value. The head of the election is in three weeks. It is fair today we had an oil induced route yesterday that is spilling over into today. Benchmark u. S. Oil gumbel of 50 a barrel for the First Time Since 2009 and a closed above 50 a barrel but a decline of 5 year to date in this year alone. It fell 46 last year. That is just two days. Already down by that much. After reaching that high last year of 100. It was not confined to the