Africa-Press – Angola. International markets analyst Flávio Inocêncio admitted that the prices of a barrel of oil could reach unimaginable figures, well above the 148 dollars, which is so far the highest barrier reached in 2008.
Intervening in a video conference last Saturday, which analyzed the possible consequences of the Russia-Ukraine conflict, Flávio Inocêncio said that demand for oil will remain very high, despite worldwide efforts to reduce dependence on fossil fuels.
A fact advanced by the Angolan specialist, residing in London, where he is a university professor, has to do with the fact that today there is a world consumption of over 100 million barrels per day of oil, which challenges producers to continue with high offers to meet the demand. This same fact, as he said, will cause the average prices of 80 dollars forecast for this year to continue to be exceeded in positive areas.
The barrel reached USD 105 in last week’s trading, despite the fact that this new weekly round started slightly below USD 100.
get the jobs back
The Angolan oil sector fired, between 2020 and 2021, between 300 and 500 technicians, due to the forced stop of many projects due to Covid-19 and the interruption of demand by large consumers.
These indicators were shared by the accountant Félix Dala, in the videoconference promoted by the Angolan financial consultancy group PoupaInvest.
Given the current scenario, Félix Dala believes that this lost workforce could return to the sector, which generates positive expectations, provided that new investments arrive.
At the aforementioned event, economist Augusto Fernandes said that the rise in oil prices will have a positive impact on the Angolan accounts, but that at the moment it will continue to negatively affect world economies due to high inflation. Another indicator advanced by Augusto Fernandes has to do with the fact that this rise in oil prices could last until 2024.
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