An outlook on the price of crude oil amid the fallen value

first_imgMark Salkeld is President of the Calgary based Petroleum Services Association of Canada and he believes there’s a new norm in place, and $100.00 a barrel oil is an endangered species.In fact, he hesitantly says we’re not likely to see $70.00 a barrel again before next year.“I hesitated a little bit only because I have been attending so many different presentations from banks, from investment groups; from people that are smart on this kind of stuff,” says Salkeld. “And the one constancy is nobody knows for sure.”- Advertisement -Salkeld says some industry insiders are hopeful things will turn around this summer.“I’m obviously hopeful that he’s right, but I’ve been hearing too much about 2015 as being a write-off – which just about makes sense because everything is ramped down and it takes so long to get ramped back up again,” Salkeld explains.He says it’s also rumoured that Middle Eastern oil producers have secured enough of a nest egg that they can continue selling their crude oil at the current price for at least the next two years.Advertisement He was somewhat more optimistic about B.C. – citing potential LNG development.“We’ve had a lull with all the press on LNG, but I can’t help thinks it’s a calm before the storm.”Salkeld says he’s optimistic that LNG development will commence in the summer of 2015.last_img read more

Chelsea players must accept fringe role -Conte

first_img0Shares0000Chelsea’s manager Antonio Conte reacts during their UEFA Champions League Group C second leg match against AS Roma, at the Olympic Stadium in Rome, on October 31, 2017LONDON, United Kingdom, Dec 2- Antonio Conte insists Chelsea’s players must accept finding themselves on the fringes after being asked about Barcelona’s rumoured interest in Willian.Brazilian winger Willian has been in and out of the Chelsea XI this season, with 10 of his 21 appearances coming from the bench. Speculation earlier this week suggested that the 29-year-old could be a target for Barcelona in the January transfer window, if the La Liga leaders are unable to land Liverpool’s Philippe Coutinho.But Conte has stressed that all Chelsea’s players need to understand why they find themselves on the bench at certain stages of the season.Conte said: “My players must be happy to stay in Chelsea and to play for Chelsea and to play for our fans. They must be happy if they start the game, or if they stay on the bench and come on.“I think I have clever players to understand the situation and accept it. [Eden] Hazard, at the start of the season, accepted the situation to stay on the bench before finding the right form. It’s the same for Pedro, for Willy [Caballero], for other players.“When you are in a great team, you have to accept this and, at the same time, you must be happy to stay in a great team.”0Shares0000(Visited 1 times, 1 visits today)last_img read more