The price of oil continues this Friday fall in the international markets, with West Texas, reference to the United States, the quote below 60 dollars a barrel, a day when the International Energy Agency (IEA) made a downward revision of prospects for consumption for 2015.
The IEA reduced, within one month, the growth forecast of the daily intake by 230 thousand barrels. The estimated growth for 2015 is now at 900 thousand barrels per day, for a total of 93.3 million barrels / day.
The biggest cut growth estimates happens in Russia, a result of sanctions imposed by the West because of the Ukrainian conflict. The fall in Russia accounts for much of the reduction estimated by the IEA, already amounting to 195 thousand barrels per day.
In addition to reducing the prospects of development of consumption, the fourth held this year, the IEA anticipates increased production by countries outside OPEC (the Organization of Petroleum Exporting Countries), as is the case of the United States.
The exploitation of so-called shale oil resulting fragmentation of oil source rocks for hydrocarbons in the United States, and the slowdown in emerging economies and Japan, who joins the anemic growth in Europe, gave rise to the sharp drop in oil prices.
The evolution of oil prices is negatively affecting the European equity markets, following the fall more than 1%.
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