Year1
- 现货原油：
- 吨
- 现货沥青：
- 吨
- 现货铜：
- 吨
r said that Russia still plans to increase production this year, with a year-on-year increase of .%. The current oversupply in the oil market is about 10,000 barrels per day , half of which will be taken out of the market after the production freeze, but the question remains whether Iran will join the production freeze agreement.
r pointed out that even if Iran does not participate in the production freeze, the agreement will still have an effect. However, Iran should also be interested in the production freeze agreement because it will receive higher oil prices.
r also pointed out that any country may join the oil production freeze agreement, but not every country will join.
Earlier in the day, foreign media reported that Russia believed it was necessary to agree to freeze production capacity, but there was currently no discussion of production cuts. RIA Novosti quoted Russian officials as saying that the Russian economy may shrink in the year, but if oil prices stabilize, the Russian economy may record growth in the second quarter.
Beijing time: Brent monthly crude oil futures were quoted at .USD/barrel and US monthly crude oil futures were quoted at .USD/barrel.
Bank of America Merrill Lynch (B) Head of Commodities Research said in a report on Friday (June 2) that China’s production freeze agreement is an important step towards stabilizing oil prices and even stabilizing global markets. The agreement Should help oil prices bottom.
Bank of America Merrill Lynch: The output freeze agreement should help oil prices bottom out
Pointing out that as domestic demand rises, Saudi Arabia’s crude oil exports may decrease by 10,000 barrels per day by this summer. Strong gasoline demand is expected to push oil prices back to dollar-per-barrel levels by the end of June.
The bank said that Saudi Arabia's current policy of allowing prices to fall may almost trigger a global recession, and the collapse of oil prices has caused trillions of dollars in dividends to flow from crude oil producers into consumers' wallets every year.
Beijing time: Brent monthly crude oil futures were quoted at .USD/barrel and US monthly crude oil futures were quoted at .USD/barrel.
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