It was originally expected that the sanctions would take effect and oil prices would soar, but from the current point of view, oil prices are going in the opposite direction. As of press time, WTI crude oil fell 0.7% to $669 per barrel; Brent crude fell 0
Why is the expansion of offshore crude oil inventories worrying? Because once the futures premium structure collapses and oil storage becomes unprofitable, these floating crude oils will flood the market on a large scale or cause oil prices to collapse ag
Flynn said that for the Venezuelan oil industry, this is like another nail in the coffin. The IMF is Venezuelas cash lifeline, and if it is expelled, this lifeline will be broken.Many people say that spot crude oil loses money if it doesnt make money, whi
The attitude of OPEC countries can be seen from the OPEC joint ministerial supervision meeting in April. At this meeting, the Saudi Minister of Petroleum believed that there should not be just one indicator for reducing production, but also the issue of i
Abstract: Saudi Arabia is currently in a dilemma. If it does not reduce production, it means betraying the United States. If it reduces production, it means that it has to bear the risk of bankruptcy. However, Saudi Arabia may still choose to cut producti
In the United States, the fund management community once conducted a survey: The most important thing for a long-term winning fund is not when it enters the market at what price, but how much the fund buys. This is the term often mentioned in the investme
On May 25, 208, the Minister of Energy of Saudi Arabia stated that he would do what was necessary at the June meeting. Increasing the supply of crude oil will be a gradual process, and a steady release is needed to avoid an impact on the market. He said t
Russian scholars said that Russia is not going to export a large amount of oil this year. The oil imported from Iran will be directly replaced by the Russian brand and exported to other countries. This kind of bartering trade can also increase Russias exp