echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > Middle East smoke filled with crude oil soaring wildly

    Middle East smoke filled with crude oil soaring wildly

    • Last Update: 2022-08-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    If the protagonist of domestic headlines this morning was firmly occupied by Jay Chou's return to the new song, then the protagonist of international headlines must be Saudi Arabia, which is far away in the Middle Ea.


    At 8.


    Saudi Energy Minister Abdulaziz confirmed that the attack will reduce Saudi crude oil supply by 7 million barrels per day, accounting for about 50% of Saudi Arabia's daily oil production and 5% of the global market's daily crude oil supply, and Very close to


    So, how will it ferment in the future?

    The situation in the Middle East is tense: In fact, since Saudi Arabia and other countries launched military operations against the Houthis in Yemen in March 2015, the Houthis have used missiles, drones, e.


    The United States releases strategic oil reserves: In order to prevent the inexorable rise in international oil prices from pushing up inflation, which in turn affects the Fed’s room to cut interest rates, the United States obviously intends and needs to stabilize the existing low oil pric.


    Unknown timetable for production recovery: After the attack, Saudi Arabia took immediate action to restore crude oil production in the shortest possible ti.


    Reaction of the plastics market: As the top product of the plastics industry chain, the great changes in the international crude oil market will also cause downstream shoc.


    Summary: Since September, China's plastic city market has been on the rise across the board under the joint boost of many positive factors, and the wide rise in international oil prices has undoubtedly played a role in fueling the flam.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.