Oil Continues to 4 Year Low - 13th November 2014

Nov. 13, 2014 - PRLog -- Capetian Asset Management is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

Oil Continues to 4 Year Low - 13th November 2014

Crude oil hit 4 year lows yesterday as the price per barrel dropped below $80.00, its lowest since late 2010.

Later this month when OPEC meets on the 27th many are expecting a supply reduction to be announced as they look to a way to balance the current supply and demand.

What has largely been driven by the US's huge shale gas explosion, the drop in oil prices has helped several smaller economies reduce rates and has been a key factor in the recent good run of earning for the majority of the larger corporations.

South East Asia's developing countries have benefitted massively from the drop in demand from the US and oils price reductions. Both Vietnam and South Korea have both managed to drop rates and take advantage of a push in their respective economies.

With tensions in the Middle East and Eastern Europe along with the US's lack of demand, the current situation doesn't look like it will change any time in the near future.

The Ukraine is looking to put more troops back on the ground, Libya lost its 3rd oil field and IS continues to raid up and down the eastern provinces of both Iraq and Syria.

What should have been a bumper time for the oil producing countries has become the complete opposite and if they do not deal with the levels of supply we could be looking at oil as low as $70 when we go into 2015.

It can be expected that OPEC and its members will evaluate the current energy climate later this month and should implement some form of supply reduction to allow oil prices to rise again.

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