The rare chess game of oil-producing countries

Everyone in plastics must have heard the story of the "overnight" of international crude o.

Everyone in plastics must have heard the story of the "overnight" of international crude o.

The Dilemma of Tianyuan: The Mind of Nations

The Dilemma of Tianyuan: The Mind of Nations

Many people have questions in their minds, didn't OPEC+ just reach a deal not long ago? How can the operation known as the largest production cut in history (7 million barrels per day from May to June) not save crude oil from the fire? Before answering these questions, we must make it clear that at the beginning of the OPEC+ meeting, major institutions were optimistic that the meeting would negotiate a contract to reduce production by 20 million barrels per day, and the actual result was clearly between the expectatio.

Many people have questions in their minds, didn't OPEC+ just reach a deal not long ago? How can the operation known as the largest production cut in history (7 million barrels per day from May to June) not save crude oil from the fire? Before answering these questions, we must make it clear that at the beginning of the OPEC+ meeting, major institutions were optimistic that the meeting would negotiate a contract to reduce production by 20 million barrels per day, and the actual result was clearly between the expectatio.

The first is that Saudi Arabia and Russia are throwing the blame on each oth.

The first is that Saudi Arabia and Russia are throwing the blame on each oth.

Second, Saudi Arabia regards production cuts as tasteless and is not very interest.

Second, Saudi Arabia regards production cuts as tasteless and is not very interest.

Third, the United States only wants to gain, not to p.

Third, the United States only wants to gain, not to p.

The major oil-producing countries have their own calculations, and it is reasonable to minimize the effect of production reductions under the circumstance of maximizing their intelligen.

The major oil-producing countries have their own calculations, and it is reasonable to minimize the effect of production reductions under the circumstance of maximizing their intelligen.

Siege of the Edge Star: Miasma Spreads

Siege of the Edge Star: Miasma Spreads

Some people say that although the production cut is not as good as expected, after all, an agreement has been reach.

Some people say that although the production cut is not as good as expected, after all, an agreement has been reach.

At present, the cumulative number of confirmed cases in the world has exceeded 3 milli.

Among them, the number of confirmed cases in the United States exceeds 800,000, and the death toll exceeds 40,00 The anti-epidemic situation is still gr.

OPEC reports that the crude oil market is experiencing a sudden, extreme and huge nationwide shock, with global oil demand expected to decline by an average of 12 million barrels per day in the second quarter of 2020, with gasoline, jet fuel and other transportation fuels accounting for the 60%, and the global economy will contract by 5% this ye.

This poisonous miasma in the Zhenlong chess game seems to be surrounded by thorns around international crude oil, which makes oil prices always at risk of being stu.

At present, the cumulative number of confirmed cases in the world has exceeded 3 milli.

Among them, the number of confirmed cases in the United States exceeds 800,000, and the death toll exceeds 40,00 The anti-epidemic situation is still gr.

OPEC reports that the crude oil market is experiencing a sudden, extreme and huge nationwide shock, with global oil demand expected to decline by an average of 12 million barrels per day in the second quarter of 2020, with gasoline, jet fuel and other transportation fuels accounting for the 60%, and the global economy will contract by 5% this ye.

This poisonous miasma in the Zhenlong chess game seems to be surrounded by thorns around international crude oil, which makes oil prices always at risk of being stu.

Small Eyes: Out of Control

Small Eyes: Out of Control

In recent years, the United States has leapt to the throne of the world's largest oil-producing country with its leading shale oil extraction technolo.

However, the scenery at that time has been completely swept away by high extraction costs and weak oil dema.

Now let alone the grasp of the world's crude oil, even the control of the domestic crude oil is gradually losi.

Although the United States has taken measures to significantly reduce the number of online drilling oil wells (currently a cumulative reduction of 245) to curb the increase in crude oil inventories, but the near-thirst cannot be quench.

For more than 3 months, this operation in the United States can reflect its current distress, but it is unable to help it o.

On the other hand,.


crude oil inventories recorded the highest weekly increase in history and increased for 12 consecutive wee.

.


commercial crude oil inventories exceeded 500 million barrels for the first time since 2017, while gasoline inventories and distillate inventories both increased during the same peri.

To put it bluntly, the.


government may have to watch as crude oil inventories approach saturati.

In recent years, the United States has leapt to the throne of the world's largest oil-producing country with its leading shale oil extraction technolo.

However, the scenery at that time has been completely swept away by high extraction costs and weak oil dema.

Now let alone the grasp of the world's crude oil, even the control of the domestic crude oil is gradually losi.

Although the United States has taken measures to significantly reduce the number of online drilling oil wells (currently a cumulative reduction of 245) to curb the increase in crude oil inventories, but the near-thirst cannot be quench.

For more than 3 months, this operation in the United States can reflect its current distress, but it is unable to help it o.

On the other hand,.


crude oil inventories recorded the highest weekly increase in history and increased for 12 consecutive wee.

.


commercial crude oil inventories exceeded 500 million barrels for the first time since 2017, while gasoline inventories and distillate inventories both increased during the same peri.

To put it bluntly, the.


government may have to watch as crude oil inventories approach saturati.

How to Break the Game: Cut the Flesh and Wait

How to Break the Game: Cut the Flesh and Wait

The so-called cut meat means that oil-producing countries further reduce production, but it is not realist.

Energy ministers from some OPEC+ members held a conference call on Tuesday to discuss the slump in oil prices and possible additional measures, sources said, though core Gulf states were said to be absent from the meeting, underscoring the group's deepening internal divisio.

The so-called cut meat means that oil-producing countries further reduce production, but it is not realist.

Energy ministers from some OPEC+ members held a conference call on Tuesday to discuss the slump in oil prices and possible additional measures, sources said, though core Gulf states were said to be absent from the meeting, underscoring the group's deepening internal divisio.

The so-called waiting is the easiest way to wait for the epidemic to pa.

As far as the current situation is concerned, not to mention the difficulty of dissipating the epidemic in the short term, even if the epidemic is over, it will take some time to restore market vitality in the future, and the resumption of the global economy is even more of a sto.

The so-called waiting is the easiest way to wait for the epidemic to pa.

As far as the current situation is concerned, not to mention the difficulty of dissipating the epidemic in the short term, even if the epidemic is over, it will take some time to restore market vitality in the future, and the resumption of the global economy is even more of a sto.

In the previous article, the author thought that oil prices would find support around $20/barrel, so there was little possibility of going to a lower pri.

But it turns out that this ideal is still too full, and the pattern of being attacked by the enemy and the panic of the industry will push oil prices into another aby.

In the previous article, the author thought that oil prices would find support around $20/barrel, so there was little possibility of going to a lower pri.

But it turns out that this ideal is still too full, and the pattern of being attacked by the enemy and the panic of the industry will push oil prices into another aby.