What’s going on with oil markets?
Tuesday, July 28, 2015
American financial services corporation Morgan Stanley expects that oil prices could be worse than during the price crash of 1986, Bloomberg reports. However, for now, prices are still expected to improve after the past year of falling prices.
Demand for oil has risen, the number of rigs worldwide has fallen and stock prices for oil are still low, but the oil supply hasn’t dropped. American drillers have cut back on production. OPEC countries haven’t.
If sanctions against Iran dissolve and if the turmoil in Libya is resolved, OPEC oil production may continue to increase, causing the oil glut to continue for several more years.
Via: Bloomberg > Oil Warning: Crash Could Be Worst in More Than 45 Years
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Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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