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Media " ” reported that despite the decline in international oil prices, the output of the U.S. oil industry has continued to rise, exceeding market demand. As a result, underground oil storage tank pipes in refineries and tankers are “overflowing with oil.” The U.S. Department of Energy said last month that the oil supply glut is showing signs of growing.
Among them, the oil surplus in the eastern and midwestern United States is intensifying, and oil has reached approximately the amount that can be stored. The U.S. Midwest includes major oil storage areas and a transshipment point in Oklahoma. Midwest refineries reached approximately 100,000 barrels of oil in March, which is the highest record since the Energy Information Administration of the Department of Energy began collecting inventory data.
In addition, there is also a large amount of crude oil stored in oil pipelines and tankers. Data shows that there are 10,000 barrels of oil in the Midwest in the month, 10,000 barrels more than in the year. Such a substantial increase is mainly due to the substantial increase in oil pipeline and railway transportation capacity.
Furthermore, even though market demand is still weak, the global oil industry still maintains production capacity to maintain market share, which is also one of the main reasons for the continued increase in U.S. crude oil stocks. As the oversupply of crude oil continues to increase, oil prices have also fallen. For the market, as long as crude oil supply remains at a high level, oil prices will be difficult to recover. Under such a trend, whether the price of oil will rise or fall is debatable.
As an emerging investment industry with the greatest development potential, spot oil investment has been favored by investors in the spot market with its unique charm. Its potential will definitely be further explored by the market. It is a year of intense volatility. The stock market is gradually cooling down. As a rising industry, oil investment is now the best time to join, and choosing an excellent platform is the first step to enter this market.
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Shenzhen Petroleum Institute is a large state-owned holding platform with an advantageous geographical location, across the sea from Hong Kong, backed by the Shenzhen Special Economic Zone and the hinterland of the Pearl River Delta, with a developed transportation network and a natural harbor, providing a good platform for the petrochemical industry. Traders are provided with unique conveniences and a policy environment with great advantages. The Qianhai policy is currently one of the regional policies with the highest degree of openness, the widest innovation space and the largest preferential policies in the mainland. It can enjoy the temporary income tax borne by the Shenzhen Municipal People's Government based on the mainland and overseas personal income tax. The subsidy given on the difference will be exempted from personal income tax. Modern logistics enterprises registered in Qianhai that meet the prescribed conditions will enjoy the current policy of levying business tax on the difference for pilot logistics enterprises.
Zhengzhou Petroleum Agent joins the Shenzhen Petrochemical Exchange No. member unit Shenzhen Qianhai Yuzhan, which is a hot investment promotion nationwide. There is no deposit required for zero joining and high rebates. Free training and guidance services, guiding the direction of business development, and training employees’ basic abilities. As long as Join us and help you solve all kinds of worries. With this good preferential policy, what are you still hesitating about?
Choose Shenzhen Petroleum Institute’s large platform, it is easy to develop customers, low investment, high returns, high commissions and no arrears
This investment agency is valid for a long time, welcome to call us for consultation.
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