The hottest tsarist Russia plans to increase crude

2022-08-12
  • Detail

Russia plans to increase crude oil production, international oil prices plummeted across the board

Russia plans to increase crude oil, international oil prices plummeted across the board

May 28, 2018

[China paint information] rumors spread that Saudi Arabia and Russia were close to reaching an increase in production agreement after more than a year of production reduction, and crude oil futures in Europe and the United States plummeted. On Friday (May 25), the settlement price of WTI crude oil in July futures was $67.88 per barrel, down $2.83 or 4.0% from the previous trading day, with a trading range of 67 $80; The settlement price of Brent crude oil in July was $76.44 a barrel, down $2.35 or 3.0% from the previous trading day, with a trading range of 76 88 dollars. The settlement price of Brent futures in July was at a premium of $8.56 per barrel to WTI in the same period, which was $0.48 wider than Thursday, and the price difference was the largest in three years. SC crude oil closed at 465.1 yuan/barrel, down 15.5 yuan/barrel, or 3.23%

Not long ago, OPEC and Russia insisted on maintaining the current production reduction agreement until the expiration of the agreement in 2018. After 2019, they still cooperated in limiting production. Now the market is spreading the news that OPEC may increase production soon. It is reported that Saudi Arabia and Russia are close to reaching an agreement on increasing production after reducing production for more than a year. The source said that the final amount of production has not been determined, because it is very difficult to increase the production target among the participants in the production reduction agreement. It is said that the goal now is to maintain the implementation rate of the agreement at 100%, and it is Europe that will do more for the whole ecosystem, which will lead to a sharp rise in internal pressure (which is also the biggest feature of this process) OPEC rather than non OPEC. Sources said that the reasons for Russia and OPEC to change their views were the rapid decline in oil inventories, supply concerns after the United States withdrew from the Iran nuclear agreement, and the decline in Venezuela's production. Reuters quoted OPEC insiders as saying that the concern of the United States about the rise of oil prices is also the reason why OPEC began to discuss reducing the implementation rate of the production reduction agreement

at the beginning of this week, Maduro was re elected as the result of Venezuela's general election, which increased the possibility of further sanctions against Venezuela by the United States. China and the United States stopped the trade war, world oil demand may increase, international oil prices are supported, and Brent crude oil futures once again broke through $80 a barrel. However, the US crude oil inventory and gasoline inventory increased unexpectedly. It is rumored that OPEC will increase production soon, the international oil price fell sharply, and the price difference between Brent crude oil and WTI widened to more than $8 a barrel, the largest range in three years

in the past eight weeks, the operation of oil drilling platforms in the United States has increased for seven weeks, reaching the highest level since March 2015. According to the data released by Baker Hughes, the oilfield service organization of General Electric Company, as of the week of May 25, the number of oil wells drilled in the United States was 859, an increase of 15 over the previous week and 137 over the same period last year. The increased oil drilling platforms are mainly from the Permian basins of West Texas and New Mexico, which account for more than half of the total oil drilling platforms in the United States

print report: if the test results need to be printed, the number of oil drilling platforms in the Permian Basin will increase by 11; Canaan Woodford basin (CA we found that when wood flour is heated, nawood) has an additional oil drilling platform; One more shale oil well platform in Eagle Ford, Texas; The Mississippi shale oil well platform in Kansas increased by 1, and the Williston Basin shale oil well platform in the northern United States increased by 1; Add 1 shale oil well platform in the Ardmore Woodford basin; Barnett shale oil well platform is increased by 1; Add 1 shale oil well platform in DJ Niobrara basin in Colorado; 1 additional shale oil well platform in Marcellus; One additional shale oil well platform in Williston. This week, there were 19 offshore platforms in the United States, 2 less than the previous week and 4 less than the same period last year

Baker Hughes data also showed that there were 200 natural gas wells drilled in the United States in the same period, an increase of 1 over the previous week and 20 over the same period last year. Among them, there are 1023 onshore oil and gas platforms in the United States, an increase of 2 over the previous week and 149 over the same period last year. There are 1046 oil and gas drilling platforms in the United States, an increase of 1 over the previous week and 145 over the same period last year

in October 2014, the number of operating oil drilling platforms in the United States once reached 1609, and then the decline in oil prices led to a sharp decline in the number of oil and gas drilling platforms in the United States. Since 2016, the number of operating oil drilling platforms in the United States has gradually increased

the net long position held by speculators in light crude oil futures on the New York Mercantile Exchange decreased by 1.7%. According to the latest statistics of the U.S. Commodity Futures Commission, as of the week of May 22, the number of positions in crude oil futures on the New York Mercantile Exchange decreased by 63100. Large speculators held 633386 net long positions in crude oil futures on the New York Mercantile Exchange, 11058 fewer than the previous week. Among them, 22191 hands were reduced for multiple heads; Short positions decreased by 11133 hands

the net long positions held by managed funds in U.S. crude oil futures and options increased for the first time after four consecutive weeks of decline. The net long position of the management fund in the futures and options held by the U.S. light and low sulfur crude oil on the New York Mercantile Exchange decreased by 2.01%, while the net long position in the futures and options held by the U.S. light and low sulfur crude oil on the Intercontinental Exchange European market increased by 28.22%. According to the new classification, as of the week of May 22, the net long positions held by managed funds in crude oil futures and options on the New York Mercantile Exchange decreased from 385283 to 377520 in the previous week; Among them, the number of bulls decreased by 376 hands; Shorting increased by 7387 hands. The net long positions held by the management fund in American light and low sulfur crude oil futures and options on the European market of the Intercontinental Exchange in London increased to 44396 from 34624 in the previous week; Among them, 9428 hands were increased for multiple heads; Short positions decreased by 344 hands

Copyright © 2011 JIN SHI