All Press Releases for February 03, 2015

Davos, Switzerland, Oil Price Under Pressure State Might Bring Tax Increase

Franco Favilla, CEO of Seasif Oil & Gas S.A., discusses whether there will or will not be a tax increase in the oil market price.

Franco Favilla, CEO of Seasif Oil & Gas S.A.,

    LUGANO, SWITZERLAND, February 03, 2015 /24-7PressRelease/ -- "We are following through the analysts the statements and the financial aspects relating the production of oil. In the first analysis, the international markets will continue for the month of February to scale down the request due to the lack of growth in the industrial production.

On the other hand the confrontation that takes place between the OPEC producers and the non-OPEC and the American market, will bring the offer to maintaining a significant bearish pressure of prices per barrel.

The factors that will allow a rebound are primarily the subscription of financial future option bullish contracts, the important liquidity injection in Europe and the unilateral compensation of some countries relating to production.

It's obvious that this situation could lead some governments to consider an increase of fiscal pressure by giving further instability to what should be in 2015, 2016 and 2017 a significant economic development recovery."

In relation to the logistic costs, Mr. Franco Favilla thinks that: "Naval and storage logistics are currently going through a contrast period as the major trading companies are stocking the product, hoping for a rebound in oil prices soon. Naval logistics suffered a strong demand therefore prices have doubled. Basically, we have to pay attention to heavy speculation in place and try to utilize the short-term conditions, and not consider long-term offers."

Seasif Oil and Gas S.A. is based in Lugano (Switzerland) and is an international commodity company that manages acquisition, resale and distribution of commodities to the worldwide markets, located in Italy, U.A.E, Cyprus, Ghana, Romania, and UK.

Seasif Oil and Gas S.A. has its own internal staff with over 20 years of experience in the commodities sector, specialized in purchasing directly or for third parties, with an important client portfolio.

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Antoanela Chiritescu
Seasif Oil & Gas S.A.
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