Global Risk Management projects slowdown in oil price growth

In the second quarter of this year, the oil price went up by 20 percent and the supply on global markets was not nearly as big as before. Global Risk Management is optimistic about the future but does not expect the same steep growth in the oil price for the second half of the year.

Photo: /ritzau/Jacob Ehrbahn

The price of crude oil increased in the second quarter 2016 by 20 percent during a period in which the oversupply of oil on global markets was not as extreme as before. Global Risk Management writes this in a new analysis about the past quarter.

The increase is due to factors including the attacks on oil pipelines in Nigeria and Iraq, according to Global Risk Management, which have put a cork in the amount of oil that these countries usually send on the market. This has almost made up for the increased amount of oil coming from Iran where the ball is now rolling after many sanctions against the country were lifted.

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