OPEC losses from the fall in oil prices will reach $316 billion in 2015

Almaty. December 4. Silkroadnews - The results of BNP Paribas, according to The Financial Times, if oil prices next year remain at $70 per barrel, the export earnings of OPEC countries will be reduced by $316 billion compared to revenues, with an average three-year cost of $105 per barrel, reports rbc.ru.
In 2012, at the peak of oil prices, OPEC investments in US government bonds and corporate securities reached $500 billion, mentioned the director of the African and Middle Eastern destinations Institute of International Finance, George Abed. According to him, in 2015 at an average oil price of $78 per barrel, this figure will not exceed $100 billion.
One of the key factors to reduce the dollar revenues from the sale of hydrocarbons has been the growth of oil production in the United States. Therefore, the US imports less oil than usual, which means smaller flow of dollars abroad, writes the FT.
Alan Ruskin from Deutsche Bank believes that the impact of oil revenues on the US markets are not as large as in recent years, the OPEC countries less invested in the US economy. He notes that if the oil producers will be forced to sell their assets, to replenish the national budgets, it can cause a revival.
From mid-June the cost of Brent fell by 40%. Among the reasons for this FT calls the increase production of shale oil in the United States and the decline in demand for oil in China. After refusing to reduce the level of OPEC oil prices have fallen even more.
Pierre Andyuran investor believes that the barrel could fall next year to $60. OPEC's largest exporter Saudi Arabia also believes that oil prices will stabilize at around $60. Riyadh and other Gulf countries are ready for that price, but believe that at such a low level will not last long.