Galaxy Futures: Crude Oil's medium-term decline continues Shanghai fuel low open low

Wenhua Finance (Editor Ji Fang) - Shanghai oil opened lower today, the main October contract position decreased by 2294 lots to 27,644 lotsThe recent failure of New York crude oil to stay above $76.5 a barrel marks a continuation of the medium-term decline since July 17, with room for declines below and the market still expected to be overvaluedBEIJING, Aug14 (Xinhua) -- After nearly five weeks of heavy fighting, the Israeli army and the Lebanese Allah Party began to implement U.
Security Council Resolution 1701 and implement a ceasefire at 5 a.mGMT on ThursdayThere were no new reports of clashessince the cease-fire came into effect, Xinhua reporters have not heard the sound of Israeli bombing in the southern suburbs of the Lebanese capitalThe city of Beirut has regained its calm and cars have begun to increase in the streets, while busy repairing a 16-mile-long corroded pipeline in Alaska's Pradho Bay, BP has said it will retain oil production capacity at the western Prudhoe Bay fieldBP said it had conducted 1,400 ultrasonic tests of the five-mile pipeline in the western field and would monitor the pipeline from the air and ground through infrared cameras around the clock to prevent new problemsBP said it decided to retain the oil production capacity of the field after discussions with U.Sregulators at all levelsThe Western Platte Bay field remains at 150,000 barrels per day of oil and gas production, and the company hopes to increase that capacity to 200,000 barrels per dayBefore the accident, the entire Prudhoe Bay field had a capacity of 400,000 barrelsSingapore fuel oil 180CST closed at 341.13 Us Dollars / ton on Friday, translated into guangzhou fuel oil import costs of about 3560 yuan / ton, The spot price of fuel oil in The Whampoa region today quoted 3620 yuan / ton, the current Shanghai oil than Huangpu spot and import costs are lowerThe recent failure of New York crude oil to stay above $76.5 a barrel marks a continuation of the medium-term decline since July 17, with room for declines below and the market still expected to be overvalued The fundamentals of Asian fuel oil will remain weak, Singapore fuel oil will still face high inventory pressure, Singapore 180CST on Friday, the domestic slag oil has also fallen recently, especially Shandong slag oil fell 100 yuan / ton last week, the lowest transaction price of 3100 yuan / ton, so from the domestic and foreign fuel oil fundamentals, Shanghai oil will remain under pressure, with the continuation of the medium-term decline in New York crude oil, there is still room to fall in the early 30 yuan Wenhua Finance (Editor JiFang) - Shanghai oil opened lower today, the main October contract position decreased by 2294 lots to 27,644 lots The recent failure of New York crude oil to stay above $76.5 a barrel marks a continuation of the medium-term decline since July 17, with room for declines below and the market still expected to be overvalued BEIJING, Aug 14 (Xinhua) -- After nearly five weeks of heavy fighting, the Israeli army and the Lebanese Allah Party began to implement U.
Security Council Resolution 1701 and implement a ceasefire at 5 a.m GMT on Thursday There were no new reports of clashes since the cease-fire came into effect, Xinhua reporters have not heard the sound of Israeli bombing in the southern suburbs of the Lebanese capital The city of Beirut has regained its calm and cars have begun to increase in the streets , while busy repairing a 16-mile-long corroded pipeline in Alaska's Pradho Bay, BP has said it will retain oil production capacity at the western Prudhoe Bay field BP said it had conducted 1,400 ultrasonic tests of the five-mile pipeline in the western field and would monitor the pipeline from the air and ground through infrared cameras around the clock to prevent new problems BP said it decided to retain the oil production capacity of the field after discussions with U.S regulators at all levels The Western Platte Bay field remains at 150,000 barrels per day of oil and gas production, and the company hopes to increase that capacity to 200,000 barrels per day Before the accident, the entire Prudhoe Bay field had a capacity of 400,000 barrels Singapore fuel oil 180CST closed at 341.13 Us Dollars / ton on Friday, translated into guangzhou fuel oil import costs of about 3560 yuan / ton, The spot price of fuel oil in The Whampoa region today quoted 3620 yuan / ton, the current Shanghai oil than Huangpu spot and import costs are lower The recent failure of New York crude oil to stay above $76.5 a barrel marks a continuation of the medium-term decline since July 17, with room for declines below and the market still expected to be overvalued The fundamentals of Asian fuel oil will remain weak, Singapore fuel oil will still face high inventory pressure, Singapore 180CST on Friday, the domestic slag oil has also fallen recently, especially Shandong slag oil fell 100 yuan / ton last week, the lowest transaction price of 3100 yuan / ton, so from the domestic and foreign fuel oil fundamentals, Shanghai oil will remain under pressure, with the continuation of the medium-term decline in New York crude oil, there is still room to fall in the early 30 yuan (name)