Prices fell, but all parties in the market said their own words - the outlook for international oil prices is still confusing

Recently, international oil prices continued to decline

Since the beginning of this year, international oil prices have experienced node events such as the escalation of the Russian-Ukrainian conflict and Western sanctions against Russia

Oil prices fall mainly due to economic pressure

In late July, international oil prices gradually declined

On August 8, the Swiss Bank released a research report showing that the average probability of a recession in the United States calculated based on three models was 40%; the data model for Europe also began to warn, showing that the probability of a recession was 30%

In the context of the general decline of the global economy, international oil prices naturally face greater upward resistance

Crude oil supply situation eases

From the perspective of supply and demand, the supply problem caused by Western sanctions against Russia did not break out as previously predicted, but demand was contained due to the shadow of the economic recession, reversing the previous situation of crude oil supply in short supply

At present, although the world's oil supply problem has not been completely solved, the international community is still relatively successful in increasing the supply of crude oil

In addition, the progress of the Iran nuclear agreement, Saudi Aramco's statement on production increase, and the resumption of production of offshore drilling platforms in the US Gulf of Mexico have eased the market's worries about oil supply, and it is expected that the crude oil market will be oversupplied in the future

Market participants predict "full screw"

Although the current oil price has fallen, but overall, international oil prices are still strong

As an "optimist", Goldman Sachs remains optimistic about future oil prices

OPEC has become a "pessimist"

Even agencies like the EIA and the International Energy Agency (IEA) have different forecasts

The IEA's forecast is the opposite, with the agency raising its forecast for global oil demand in 2022 and 2023 in its "Oil Market Report" released recently