Year1
- 阴极铜：
- 0.1T 1T
- 银矿：
- 0.1k 1k 5k 100k
- 烷烃：
- 0.1T 1T 5T 10T
>Xixiuyun Microdisk personal agent: Xixiuyun Microdisk official website | After reaching a historic production reduction agreement, oil prices rose sharply, and the main crude oil contract once hit .USD/barrel. Although bulls took back oil prices on Tuesday (June 2), as non-production reduction quotas will be implemented later this week, oil prices will continue to rise this year. It is expected to rise to USD/barrel. At present, oil-producing countries are facing huge financial pressure, but they will bear more responsibility for production reduction, and Russia and Iran will become the biggest winners of this production reduction agreement.
★If non-state production cuts are implemented, oil prices may rise towards the US dollar★
The non-state and non-state will hold a meeting in Vienna on October 1. Mexico, Kazakhstan, Bahrain, Oman, Egypt, Russia, Brunei are invited to participate and Unconference.
The Russian Ministry of Energy stated that Energy Minister Novak will visit Vienna to participate in the OPEC and non-OPEC meeting to be held on October 1st. Novak will also participate in the natural gas meeting between Ukraine and the EU to be held in Brussels on October 1st.
Quoting the view of Goldman Sachs, if China and Russia fully implement their production reduction commitments, oil prices are expected to rise above the level of US dollars per barrel.
Goldman Sachs said in a report on October 1 that the company’s current expectation is that the prices of West Texas Intermediate (WTI) and Brent crude oil will reach US$1.00 per barrel and US$1.00 per barrel respectively by the first half of this year. If so, A commitment to fully comply with the new 10,000 barrels per day production target, combined with 10,000 barrels per day reductions from non-members Russia and Oman, could see prices at a dollar premium above current expectations.
's Vice Chairman expects oil prices to rise towards USD/barrel this year, thanks in large part to the production cut deal.
However, some observers are still not optimistic. They believe that the impact of the production reduction agreement will not be too obvious, and oil prices will continue to hover around US$/barrel.
★Russia and production both hit record highs★
Last week’s data showed that Russia’s total output exceeded 10,000 barrels per day, setting a new record high in the post-Soviet era. Citing data, its accurate output is 0.000 barrels per day, and Russia will reduce production from this level.
A survey based on shipping data and industry sources showed that the monthly production of China hit a record high again, rising from 10,000 barrels/day to 1,000 barrels/day.
It is believed that although Russia and Russia have both worked hard to expand production before the production reduction agreement is reached, if the production reduction plan is implemented, Russia will definitely benefit significantly from the production reduction agreement: on the one hand, the production reduction will push up international oil prices, which will have a negative impact on Russia. That's obviously good news. On the other hand, it will also be positive for the ruble.
★Russian crude oil production reaches a new high, and Russia is expected to become the biggest winner from production cuts★
Although Russia has promised to reduce its production by 10,000 barrels/day from its production level of 10,000 barrels/day, in comparison, Saudi Arabia The output is 10,000 barrels per day, but it is preparing to reduce production by 10,000 barrels per day. Other oil-producing countries such as Iraq, Kuwait, Qatar, and the United Arab Emirates will reduce production by a total of 10,000 barrels per day.
Russia’s basic expectation for annual oil prices is US$/barrel. Every dollar above this level will mean budget revenue of US$100 million.
If the oil price falls again to US$/barrel, Russia's budget deficit is expected to exceed %. If the oil price is higher than US$/barrel, Russia's deficit will be even smaller.
In contrast, the budget deficits of Saudi Arabia and Iraq, which are responsible for production cuts, are expected to be 1%, Kuwait's deficit will be 1%, and the United Arab Emirates' deficit will be 1%.
It can be seen from the above data that oil-producing countries are under huge financial pressure but will bear more responsibility for production reduction. It can be said to be "thankless". Russia and Iran will be the biggest winners of this production reduction agreement, with high output and higher oil prices. will help them expand their market share. Unless, of course, you say one thing and do another.
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