In the latest monthly report from Dovre management printer Investment Director Stig Myrseth Vladimir Putin appears to be ready to conclude an agreement with OPEC. The big question is whether OPEC and Russia powers to agree.
According to the investment director shall be no more than a cut of five percent to remove the entire global supply surplus, and it happens, he believes that oil prices probably will rise by at least fifty percent.
however, there are two factors that can prevent an appointment, dial Myrseth fixed.
- one is that OPEC fails to agree the relative distribution or that they do not trust Russia. So far, Saudi Arabia has been lukewarm, saying that they are only willing to cut if it occurs in a broad coalition that includes Iran.
- The second obstacle is of a fundamental nature. The question is whether OPEC at all should be flexible producer now that shale oil revolution has made the supply side much more elastic. Saudi Arabia has the last year argued to let the market balance himself. This strategy is already beginning to pay off.
This week select Myrseth to continue with the same portfolio last week.
- Panoro Energy
- Kongsberg Automotive
- Opera
- Storebrand
- DNO
- American Shipping Company
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