Recently, the companionate relation that is core with sand spy and Russia showed nervous sign.
Zhou Yi, OPEC and Russia rarely insight cancelled the meeting that will hold April originally, this means remit to of this conference general June, in the meantime, petroliferous in the time that postpone country people the likelihood won't decide to whether extend deadline of reduction of output.
That day Yu Asai is done obeisance to border cling to in the meeting that the library holds, nuowake of Russia energy minister (Alexander Novak) the committee that persuaded responsible supervisory reduction of output, say to plan to will discuss to whether extend agreement of reduction of output further in April formerly too early. That is to say, russia does not hope to discuss plan of current reduction of output in next month.
Quote of Peng rich company joins the petroliferous country of the meeting to say on behalf of the report, although OPEC interior supports delay generally, the member country that includes Iraq inside expresses to support under the counter, but Nuowake still conveyed crosscurrent. Heavy goods thinks to developing Andrew Dodson of author of fund Philipp Oil:
Petroliferous congress discusses defer mean Russia not to wish it seems that acceptance makes more crop cut down, before and be in making commitment of farther reduction of output, defer as far as possible make a decision.
Nevertheless, apt once had been conveyed to will be denied namely in April before conspicuous of energy minister supernatural power especially dene continue the stand that reduction of output makes a decision.
Attend the middle east of the conference is petroliferous yesterday country people express, they reduce what in future a few months surmount an acceptance scope. Supernatural power conspicuous alluded the determination that holds to reduction of output: "As long as inventory level is rising ceaselessly, and far under normal level, we can hold on, guide the market to move toward a balance. Guide the market to move toward a balance..
But Russia does not want to go further it seems that reduction of output. The way says yesterday fully, the quarter of Russia energy department that gains according to its exports a plan, will come to will predict to achieve 62.8 million tons from the crude oil of Russia exit and change trains in June in April (this is remarkable prep above 61.7 million tons of first quarter) . The road appears estimation, presently 2 quarters day all volume of crude oil export compares annulus growth 0.74% .
And Russia agrees to be in in agreement of reduction of output this year first half of the year day all crop cuts down 228 thousand pails.
OPEC perhaps says the state of associate of reduction of output between sand spy and Russia since go up in this one problem all the time since the figuration end 2016 holding relatively consistent position, the energy concern of two countries also is compared on the whole friendly. This kind of unprecedented collaboration weighs model global crude market, initiated an associate of new ground fringe politics to concern.
And from make known his position currently to look, the consistent position of sand spy and Russia began to break up. Supernatural power conspicuous says, the market works evenly again " far half-baked " . And Nuowake accepts in the weekday that just goes when interviewing, say: "The market had achieved fragile balance, whether to because this is in,lengthen respect of agreement of reduction of output to be able to take wait-and-see attitude. Whether to because this is in,lengthen respect of agreement of reduction of output to be able to take wait-and-see attitude..
Before this, if Russia TASS and international article pass the message public figure that telecommunications company quote is close to OPEC, say, the agreement of reduction of output that offers to will be had especially dene is lengthened by 2019. Agreement of current reduction of output will in June the bottom expires.
Peng rich company says, the petroliferous country below current reduction in production together core depends on weak balance: Sand spy need sells crude oil with the price of every pails of 95 dollars, support national finance with this. And Russia is bouncier to the dependence of crude oil, its industry foundation more diversification, its the finance budget 2019 builds the base in every pails of 40 dollars over.
Investor is right the understanding of the conference is opposite yesterday the front, because no matter sand is special,appeared with Russia difference of what kind of viewpoint, arrive from now at least the Vienna session of the last ten-day of a month will keep reduction in production on the whole in June.
Up to Zhou Yi closing quotation, futures of crude oil of WTI 4 month closes go up 0.57 dollars, go up 0.97% , sign up for 59.09 dollars / bucket. Crude oil futures will close Bulunte in May go up 0.38 dollars, go up 0.57% , sign up for 67.54 dollars / bucket. Since this year, international oil price rebounds considerably, bulunte oil price accumulative total goes up achieve 25% the left and right sides.
