Year1
Fujian Ruicai Bulk Commodity Trading Center Investment Telephone Real-time Market Analysis
Break through professional investment solutions and precise online orders to recruit personal agency agents
ddd -rd/ ---- d:->
The failure to announce specific production targets at the semi-annual meeting is an important reason for the recent sharp drop in energy prices. In addition, the El Niño phenomenon is also a driving force: the monthly warmth in the United States this year may hit a record, and people's demand for energy is sluggish, so the prices of natural gas and heating oil have been falling.
ddd -rd/ ----d:
ddd -rd/ ----d Oil prices fell again on Tuesday after both U.S. and oil prices fell more than % on Monday. Monthly crude oil futures fell % and fell below the U.S. dollar mark to reach . U.S. dollars / barrel. Brent crude oil futures fell below the US dollar mark and hit a new low since January.
ddd -rd/ ----d:
ddd -rd/ ----d Natural gas futures also fell sharply. Natural gas futures for first-month delivery closed down .% on Monday at $/million British thermal units and heating oil was at $/gallon, down % from $/gallon at the beginning of the month.
ddd -rd/ ----d:
ddd -rd/ ----d No specific production target figure was announced at the semi-annual meeting last Friday, which means that countries agreed not to reduce production and currently Actual production has exceeded the previously set target of 10,000 barrels per day. This decision caused oil prices to plummet and energy company stock prices to plummet.
ddd -rd/ ----d:
ddd -rd/ ----d In addition to the El Niño phenomenon, it is also the driving force behind the sharp drop in energy prices. As the El Niño climate phenomenon intensifies, the United States will have an exceptionally warm winter this year, which is negative for energy prices. If the Northeastern United States remains warm through the month then heating oil demand will continue to be sluggish. Judging from current indications, the U.S. is still going to be warm this month.
ddd -rd/ ----d:
ddd -rd/ ----d The weather service’s chief meteorologist said the monthly warmness could hit a record and next week’s temperature could be the hottest ever for the same time period. The highest rates are expected to be in the Midwest and Northeast regions of the United States, where natural gas demand is greatest.
ddd -rd/ ----d:
ddd -rd/ ----dThe current question is whether the temperatures in the above-mentioned areas of the United States will return to normal next month and month. Some analysts believe that when the El Niño phenomenon peaks next month, the weather will be as cold as usual. There are also different opinions saying that this phenomenon may still affect the weather and the weather will still be relatively warm.
ddd -rd/ ----d:
ddd -rd/ ----d In this month, the Australian National Weather Service issued a warning about the El Niño phenomenon, saying that the climate phenomenon continues to strengthen and is expected to continue into the year. The Australian Bureau of Meteorology pointed out that it is rare for such a wide range of high temperatures to occur across the tropical Pacific. The last time this phenomenon occurred was during the (super) El Niño period in ~. This El Niño is not only extremely strong but will last for a long time. The El Niño phenomenon cycle is irregular and occurs on average once a year. It usually lasts for about a month, but there are cases where it lasts as long as a month.
ddd -rd/ ----d:
ddd -rd/ ----d According to reports, Citibank energy sector analyst r said that resolution is the most fundamental reason for the decline in energy prices. In addition, weather factors are also Affects the price of heating oil, diesel and other energy sources. Energy prices are already quite depressed due to weak demand from China.
ddd -rd/ ----d:
ddd -rd/ ----d Capital analyst d said that the oversupply of crude oil has attracted market attention, but in fact it is the supply of refined oil that The situation of more than what is needed is even more serious. Refinery equipment utilization has reached %, which makes the already oversupplied market even more breathless. Higher refinery equipment utilization means more crude oil is converted into gasoline and other fuels. In addition, diesel storage is also a problem. If there is insufficient storage space, diesel may be sold at a huge discount in the market.
ddd -rd/ ----d:
ddd -rd/ ----d The U.S. Energy Information Administration released its monthly short-term energy outlook report on Tuesday. The average crude oil price for this year and next has been lowered. On the supply side, the international crude oil supply forecast has been raised and the decline in U.S. crude oil production is expected to continue to slow down. The demand for crude oil is also more pessimistic than before, and the crude oil consumption forecast for this year and next has been lowered. U.S. crude oil production dropped by 10,000 barrels per day in May compared with the previous month, reaching 10,000 barrels per day. The decline in production has slowed down: U.S. crude oil production fell by 10,000 barrels per day in March compared with the previous month. The slowdown in output is expected to continue.
ddd -rd/ ----d:
ddd -rd/ ----d raised U.S. crude oil output this year. The average daily output of U.S. crude oil is expected to be 10,000 barrels in 2018. Last month’s estimates for U.S. crude oil output for this year and next were 10,000 barrels and 10,000 barrels per day respectively.
ddd -rd/ ----d:
ddd -rd/ ----dAccording to the Wall Street Journal, the Administrator said he expects U.S. onshore crude oil output to continue for most of next year. decline but crude oil production in the Gulf of Mexico will continue to increase.
ddd -rd/ ----d:
ddd -rd/ ----d International crude oil supply is expected to be 10,000 barrels/day this year and 10,000 barrels/day this year. Previous estimates of international crude oil supply for this year and next were 10,000 barrels/day and 10,000 barrels/day respectively. Iran's oil supply is expected to increase by more than 10,000 barrels per day in 2020, while supply from Iraq and the Kurdistan Regional Government will slow.
ddd -rd/ ----d:
ddd -rd/ ----d lowered the crude oil consumption forecast and believes that this year's crude oil consumption will be 10,000 barrels/day and next year will be 10,000 barrels/day. Previous estimates of crude oil consumption this year and next were 10,000 barrels/day and 10,000 barrels/day respectively.
ddd -rd/ ----d:
ddd -rd/ ----d lowers the average price of crude oil this year and next. The average crude oil price this year is estimated to be .USD/barrel. The previous estimate was .USD/barrel. The annual crude oil price is expected to be .USD/barrel. The previous forecast was .USD/barrel.
ddd -rd/ ----d:
ddd -rd/ ----dThe United States released a crude oil inventory report on the same day. Crude oil inventories unexpectedly decreased by 10,000 barrels in the week of March, which was expected to increase. The increase in 10,000 barrels in the previous week was 10,000 barrels. Crude oil inventories in the Cushing area, where crude oil is delivered, increased by 10,000 barrels in the previous week. Gasoline inventories increased by 10,000 barrels in the week of March 2020. Refined oil inventories increased by 10,000 barrels in the previous week. Refined oil inventories increased by 10,000 barrels in the previous week.
ddd -rd/ ----d:
ddd -rd/ ----dOil prices fell after last week’s OPEC semi-annual meeting did not decide on production cuts and slowing Chinese trade data. Brent crude oil futures fell sharply again in early trading on Tuesday. Brent crude oil futures once fell below the US dollar per barrel mark, hitting a new low since January 2019. Crude oil futures once fell by more than % to below US dollars per barrel. However, oil prices had rebounded by midday. As of the close, Brent crude oil futures closed down .% at .USD per barrel. Crude oil futures ended down .% at a barrel. The dollar fell for the third consecutive trading day and hit its lowest closing level since January.
WhatsApp
