In 2015 the prices for a barrel of petroleum will be twice lower
Lowering prices for petroleum put oil-producing companies is under some risks. Russia can lose a part of proceeds and Ukraine will have an opportunity to pay less for gas.
Future of the global oil-production market seems to be uncertain. Constant reducing of prices for petroleum may strongly affect offshore oil and oil bearing sands and sale oil industry.
It was the USA, who first faced the coming problems. One of the leading American oil companies was declared bankrupt with the overall debt amounted to $50 million.
The reason for falling prices was the Organization of the Petroleum Exporting Countries refused to cut the production volumes which made offer larger than demand.
For instance, the price for Brent petroleum will change from $83 to $43 per one barrel.
However the experts announced the cheap petroleum will improve the global economy. Reducing oil prices will make the industry coasts low. China and Japan as the largest consumers of petroleum noticed the available opportunity to enlarge the country budget from expected $33 million to $58 million. There is a chance that Ukraine will also get its profit. The analysts consider the costs for Russian gas are down from $380 to $250 per 1000 CBM. There is no chance for Russia to have that advantage. Large amount for the country budget gives the petroleum industry and after leading the research the economists indicated that the amount is going to fall to 1,8 trillion rubles while the planned expenses for the period of three years are over 15 trillion rubles.
There is possibility that oil production industry will not bear such low prices and as a result we should expect rapid price improvement and increasing the costs for a barrel up to $60-$80. Falling prices for petroleum made the companies shut down their projects that would bring the lack of rough materials, increase in prices and demand.
