Open the oil reserves decreased to volumes, 1952

Открытые запасы нефти сократились до объемов 1952 года

Oil reserves are shrinking

The effects of reduced exploration and development of new fields may appear in the long term, analysts said.

The volumes open last year’s oil reserves was the lowest since 1952 – just over 12 billion barrels. This writes Bloommberg with reference to declareinputmath Morgan Stanley.

Over the past year the expenses of oil companies, compared with 2013 decreased by 45 percent, amounting to 95 billion dollars.

According to the Agency, the oil giants BP and Royal Dutch Shell are seeking to reduce primarily the cost of developing new fields.

Morgan Stanley notes that the effects of reduced exploration and development of new fields may appear in the long term.

“If the situation with the development of new fields will remain the same as in 2015, it may be a significant gap between demand and production,” the report said.

We will remind, oil production by OPEC countries in April increased by 330 thousand barrels per day, reaching the highest since August 2008.

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According to the materials:

RBC
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