The potential return to the market of some 1.5 million barrels per day of supply from Libya and Nigeria and uncertainty about Iranian and Iraqi production levels could push a rebalancing further away than many in the oil industry are hoping. “All these things when they come back on the market can again postpone the true balancing,” Thomas said in an interview on the sidelines of the ONS oil conference in Stavanger, Norway. He said the most optimistic scenario was for rebalancing, meaning that huge volumes of stored crude have to be absorbed, to kick in this year and that Shell was prepared for all outcomes. “It can happen any time between the second half of this year and the second half of next year.” see pageOil prices fell more than 70 percent from 2014 highs earlier this year and are still more than 50 percent below those levels as a fierce battle for market share between major producers has flooded the world with oil. Thomas, a naval engineer by training, said three aspects could disrupt the current situation. Oil demand from energy hungry nations China and India will be a key driver for oil prices, as well as the resilience of U.S. shale producers to weak prices. Any OPEC agreement to freeze oil production could also result in a sudden boost for oil prices, Thomas said. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum (IEF), which groups producers and consumers, in Algeria on Sept. 26-28.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/interview-oil-market-rebalancing-could-180401789.html
More » Image Copyright Getty Images / Sam Diephuis While you’re actively job searching, it’s important to be prepared for a phone interview on a moment’s notice. Happy 90th birthday, Harry Dean Stanton! They discuss wounds, he expresses concern, father-daughter feelings arise. In reality, you were probably the most qualified, but you failed to impress your interviewer. There were many times where I felt like throwing in the towel because NONE of the companies I interviewed at would offer me a job, no matter how hard I tried. Even if you are not asked the same specific questions, prepare yourself with basic questions and answers can help you to quickly come up with responses that still work. Thank you.” I purchased your guide last Tues., but I had two job interviews. I have just received an offer despite the fact that I was away from the engineering field for over 10 years. I would recommend your product to absolutely anybody.
How do you think you would do now? She’s always been known as one of Hollywood’s best interviews. Tommy is an unemployed mechanic who spends most of his time in a bar Trees Lounge in a small blue collar town. You will be expected to answer ALL or most of these questions too… – Can you work under pressure? Thank you so much for this wonderful guide.” I purchased your guide last Tues., but I had two job interviews. Two graduate students and lover’s from NSF studying Criminal behavioural Sciences attempt to secure an interview with an active serial killer. Use the HTML below. Thanks a Million!”