New York Stock Exchange crude oil price

New York Stock Exchange crude oil price

Trump announced oNew York Stock Exchange crude oil pricen May 8 this year that he would withdraw from the comprehensive agreement on the Iranian nuclear issue, and at the same time resume a series of economic and financial sanctions lifted under the agreement. The first batch of sanctions is scheduled to take effect on August 6, and the sanctions against Iran’s energy industry are scheduled to take effect on April 4; foreign companies that do business with Iran will be subject to so-called secondary sanctions, namely joint sanctions.

Morse emphasized that in 50 years, OPEC is absolutely capable of maintaining a daily crude oil output of 5 million barrels. It predicts that in the next two months, the price of Brent crude oil will fall back to between US$45 and US$65.

As the central bank began to tighten monetary policy, higher oil prices and depression were basically the same result. Currie emphasized that his explanation is not to predict a possible future depression, but to warn the market that this should be vigilant.

OPEC and some non-OPEC major oil-producing countries are scheduled to meet in Vienna on June 22. The group had agreed to cut production by about 800,000 barrels a day to boost oil prices and eliminate oversupply. Analysts said that Saudi Arabia and Russia's move to put more oil into the market would be very detrimental to oil prices. Just focusing on it has affected oil prices this week.

Summary: This month it was reported that when it was negotiating with India to establish an oil buyers' club, OPEC may be busy preparing for the June 22 meeting and did not have time to take care of this dangerous alliance. But it may be time to start worrying.

Trading species: North Sea Brent light crude oil. On June 2, 988, IPE launched the Brent crude oil futures contract, one of the three international benchmark crude oils. Now, Brent crude oil futures contracts are part of the Brent crude oNew York Stock Exchange crude oil priceil pricing system, including the spot and forward contract markets. The price system covers 65% of the world's crude oil trading volume.

On Thursday, April 26, at 9:45 Beijing time, the European Central Bank will announce its interest rate resolution, and then at 20:0 Beijing time, ECB President Draghi will hold a press conference. It is expected that the European Central Bank will maintain its monetary policy stance on the interest rate resolution. constant.

Earlier, OPEC issued a forecast that in the second half of 208, global oil will be in short supply. Moreover, the calculation is based on the output at that time. If the supply from Venezuela and Iran declines, the gap between supply and demand will increase. Some views believe that OPEC's statement may be paving the way for increased production.

Obviously, some countries are unwilling to increase production. In a speech on June day, Iraqi Oil Minister Ruaibi said that he opposes some oil producers' decision to increase production unilaterally without discussion by OPEC member states. Iraq will continue to comply with the provisions of the production reduction agreement to reduce oil production. Some analysts said that if OPEC does not agree to increase production, Saudi Arabia and Russia are likely to decide to increase production on their own. Russian Energy Minister Novak said on Thursday June 4 that OPEC and non-OPEC oil-producing countries may consider gradually increasing their supply to the market, up to 500,000 barrels per day.

After falling international oil prices, not only did the stock price of three barrels of oil fall, but also caused heavy losses to many oil-producing countries, such as Saudi Arabia, OPEC's largest oil producer. According to data, the fall in international oil prices directly led to the failure of Saudi Arabia’s 209 billion US dollars oil revenue plan. Saudi Arabia’s severe fiscal deficit has caused the economic market to remain depressed.