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    Home > Biochemistry News > Amino Acids Research > OPEC oil price breaks $131 a barrel

    OPEC oil price breaks $131 a barrel

    • Last Update: 2020-07-03
    • Source: Internet
    • Author: User
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    , June 25 (Xinhua Liu Gang) based in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) Secretariat released data on the 25th, OPEC market monitoring crude oil package average price 24 broke through the $131 per barrel mark, reached 131 per barrel25, another record highat an international energy conference in Jeddah, Saudi Arabia, on the 22nd of this month, Saudi Arabia and Kuwait announced that they will increase daily crude oil production, welcomed by the United States and the European Union and other oil-consuming countriesBut the meeting also exposed divisions within OPEC over the analysis of the international crude oil market situation and how to curb high oil pricesanalysts say the disagreement will add to the market's concerns to some extentAt the same time, the impact of the increasein daily crude oil production promised by Saudi Arabia and Kuwait on the supply and demand of the current international crude oil market is of little practical significanceCombined with the weak dollar, market speculation and geopolitical factors, the future trend of international oil prices is still not optimisticXINHUA
    , June 25 (Reporter Liu Gang) based in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) Secretariat released data on the 25th, opec market monitoring crude oil package average price on the 24th broke through the $131 per barrel mark, reaching 131 per barrel25, another record highat an international energy conference in Jeddah, Saudi Arabia, on the 22nd of this month, Saudi Arabia and Kuwait announced that they will increase daily crude oil production, welcomed by the United States and the European Union and other oil-consuming countriesBut the meeting also exposed divisions within OPEC over the analysis of the international crude oil market situation and how to curb high oil pricesanalysts say the disagreement will add to the market's concerns to some extentAt the same time, the impact of the increasein daily crude oil production promised by Saudi Arabia and Kuwait on the supply and demand of the current international crude oil market is of little practical significanceCombined with the weak dollar, market speculation and geopolitical factors, the future trend of international oil prices is still not optimistic(Liu Gang) 
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