Dispatch of APP of eye of foreign currency weather: Zhou Si (on April 2) Telangpu is mixed in succession since recently · of Mohammed of crown prince of Beijing of Russia president general, sand spy Ben Saleman chats undertook talk. Express to hope sand spy and Russia agree with agreement of new oil reduction in production in Telangpu's president later, case of Zhou Siyuan oil price begins violent wind to rise.
Crude oil and futures of American WTI crude oil go to Bulunte all sign up for till dispatch rise 20% the left and right sides. Nevertheless, prices of these two the mainest crude oil futures move compared with 200 days mean line all already derogation half left and right sides. If say oil price war is the fuse of low oil price, so billowy epidemic situation just is immanent cause.
Mediate issues Telangpu new round of oil negotiates or will start
Telangpu says on Thursday, his Ceng Yusha is special · of crown prince Mohammed Ben Saleman chats, beijing undertook latter and Russia president Fulajimier Pu communicate. Telangpu pushs in say in article: "I hope (and) hope they will cut down about 10 million pails, likely even and more. Likely even and more..
It is reported, after Telangpu's president publishs afore-mentioned informations, sand spy appeal holds urgent OPEC+ meeting, this indicates the oil price war of a sidelong glance making a person may be stopped.
Before Telangpu publishs a comment, oil price has risen. Zhou San expresses Telangpu, he has confidence to help sand spy and Russia be in future solves them to be opposite inside a few days the conflict of oil output and price.
Zhou San of Beijing of Russia president general expresses, oil production business should cooperate alleviate the market glides, compensatory the state that says Moscow to talking oil market with Washington and the Organization of Petroleum Exporting Countries.
Telangpu predicts to hold the controller in Zhou Wu and a few United States' biggest Petroleum Company the meeting, discuss in this industry to live war help the measure of this industry. Dust gram Sen Meifu (ExxonMobile) company of He Xuefo dragon (Chevron) presiding apparitor predicts to will attend the meeting.
Oil price anabiosises premature to say
Because coronal shape virus erupts greatly,the traffic block that brings about the whole world and society are kept apart, to petrolic demand had gone to mysterious low. Be afraid oil price anabiosises truly still is to should see epidemic situation when end.
The report says, china is copying a bottom to buy cheap oil is laid in with fill strategy oil, this is an interest good news to oil price. According to the data of Rystad Energy, the oldest oil uses up a country -- the oil storage capacity that the United States has nearly 1 billion pails, it is likely inside this year additional the oil reserve that increases 100 million pails.
But erupt in view of epidemic situation the situation that broke balance of supply and demand, oil market observer still is opposite the manner of discretion of oil price hold.
Undersecretary of official of Russia energy ministry once expressed last week: The petroleum demand of the United States, Europe and China is daily reduce 15 million pails to reach 20 million pails.
Cast travel and heavy goods to trade the company reduced pair of global petroleum demand forecast, gaocheng and Vitol group forecast future respectively demand of a few weeks of petroleum reduces 19 million pails mix 20 million pails.
Market of IHS Markit oil is in charge of Spencer Welch to express: "I think this the conference won't produce major change, oil market still is in unbalance condition, the rate that oil reserve still has no before rises. " he says: "Cannot all country agrees mass reduction in production, " " this needs to let a Russian compare not only last OPEC + conference offers more reduction in production, and need makes American each district hundreds oiler carries out these reduction of output through legislation. And need makes American each district hundreds oiler carries out these reduction of output through legislation..
According to the data of IHS Markit, in recent years, two period with oil reserve the most driving growth were 2005 mix first at the beginning of 2015, inventory increased about 400 million pails at that time. But IHS predicts, global oil reserve will increase 3 times first half of the year this year.
Although have Zhou Si rebound, oil price still under the United States, the manufacturing cost of Canada and Russia, a lot of shaly oiler had been in North America deficit condition. The analyst forecasts after this oil price to still can drop further.
Occupy groups of 3 banking of couplet of water chestnut day (MUFG) says, supply as a result of global crude oil superfluous, case will be in crude price to did not come a few months continue to drop, bulunte crude oil and WTI crude oil may drop to be mixed to every pails of 15.8 dollars respectively 13.3 dollars.
Pushing to Telangpu go up especially the reduction in production that dispatch keeps 10 million pails message, ellen Wald of president of Transversal Consulting of advisory company of the sources of energy and ground fringe politics expresses " here has a lot of problems: Be still gross everyday 10 million pails? Is that to come from Russia and sand be still Oupeike especially in participating in its? " " nobody knows -- but this is to reduce the very positive signal with excess oil absolutely. " " nobody knows -- but this is to reduce the very positive signal with excess oil absolutely..
Today's interest good news is an anticipation that reachs agreement of reduction of output the reality that reduction of output of and rather than has reached. Even if is two countries of sand spy Russia reachs 10 million pails / the agreement of reduction of output of day, or can't fill and level up is current the breach between market of supply and demand. But, this is a good signal after all.
