(Dagbladet): In a report on reports the central bureau of Statistics large price increase of oil and oil products. The price index of first-hand domestic sales went up by 1.2 per cent from november to December 2016. The price rise is due mainly to crude oil, which went up by around 18 per cent.
From December 2015 to December 2016, i.e. in the course of one year, was the change of 24.5 per cent in råoljens product. From november to December 2016, the increase was at around 4.3 per cent.
- This is a large increase. In november the oil prices at a slightly lower level, before a very important OPEC meeting which was 30.november 2016, says Thina Saltvedt, who is oljeanalytiker in Nordea.
OPEC controls 40 percent of the world’s oil production. OPEC is, in essence, many of the countries in the middle East, and produce cheap oil. They marked the competition from the more expensive producing countries, the united STATES and Russia. OPEC changed the policy in 2014, which made the price of oil collapsed.
- in Order to squeeze out the more expensive producing countries, then poured the oil out in the market, and then collapsed the price of oil. Thus, we noticed this in Norway, so was it the oil crisis, explains Saltvedt.
Saltvedt explains that this was heavy for the OPEC countries. These used much oljepenger, in contrast to Norway, which has saved their oljepenger.
- When you add a high consumption based on a high oil price, then for each a consumption that cannot be sustained when oil prices fall. It can prey on, ” she says.
Thus selected OPEC at the end of november 2016 to do about the decision from 2014. OPEC countries agreed to cut down on production. This was to bring up the price of oil again.
This decision is the reason for the large increase from november to December 2016.
- It will help on the oil crisis. For the oil companies, we are beginning to see the light at the end of the dark tunnel. We are not out of it yet. But for the industry as it is still heavily in 2017. There were many projects which were started before the oil crisis, and they could not stop. There is overcapacity in some sectors, and many rigs and ships is still in circulation, ” says Saltvedt.
the oil Companies are first in the lineup, and when they set speed, then it will spread to the other joints in the industry.
a Little brighter for the oil companies in 2017, but still a bit dark for the suppliers, ” says Saltvedt.
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