What are the main factors affecting Xinhua Oil oil prices?

. .. Trends in the Organization of Crude Oil Exporting Countries ()
and changes in market share. In the 1990s, due to the increase in crude oil production in non-
countries such as Russia, the United Kingdom, and Norway, production was reduced, thus retaining a large amount of surplus production capacity, which was helpful in buffering the global shortage of crude oil supply. It is of great significance

For example, during the Iraq war, Iraq's crude oil production dropped significantly, but Saudi Arabia and Kuwait immediately increased production, making up for the decline in Iraq's exports and successfully preventing sharp fluctuations in oil prices.
. . .
Political and economic situations and changes in production strategies or refining technologies in major producing countries
. . . The so-called major producing countries refer to the former Soviet Union, the United States, and Saudi Arabia.
Before 2000, the Soviet Union had the largest output, but after the collapse of communism, its output dropped significantly. Saudi Arabia was able to rapidly expand its production capacity due to the Gulf Incident, and in 2008 it accounted for 3
of the total output of members. br/>, and became the world's largest oil producer. However, the country still controls most of the oil sources, and the production time is still about 20 years, so it is still a decisive force. If divided by region, it can be divided into six major regions, namely the North Sea, West Africa, the Mediterranean, the Middle East, the Far East and the United States.
. . .
The impact of war, blockade, embargo or economic sanctions
. . .
The Iraq war broke out in March, and the oil price increased by
From the monthly low to the high point of the year, the increase was as much as
Due to geopolitical instability, from the lowest point of the year
USD to the
monthly high
USD, the increase was as much as
br/>, because countries such as Nigeria, Iran, Iraq and Venezuela provide global crude oil supply, the dynamics of Middle East countries deserve investors' attention.
. . .
, U.S. crude oil supply and demand data
. . . Every Tuesday, the American Crude Oil Association
and the U.S. Department of Energy
on Wednesday will release the weekly energy supply and demand change table , special attention should be paid to the increase or decrease in the balance of U.S. crude oil inventories, which has a decisive impact on crude oil. The United States is currently the world's largest crude oil import consumer. In terms of demand, the importance of these two data can be imagined.