The letter wrote: I urge all member states to unite and support each other. The unilateral sanctions imposed by the United States on Venezuela are an economic and financial aggression against Venezuela. They are also a challenge to Venezuela's oil industry and the global U.S. crude oil off the target listcrude oil market.
Analysts believe that investors still have geopolitical considerations. The United States may impose sanctions on Iran, which may happen as early as May. If the United States re-imposes sanctions on Iran, it may reduce exports from that country by 250,000 to 500,000 barrels per day before the end of the year.
BNP Paribas predicts that the increase in oil prices will continue until the third quarter of 209, when the average price of oil is expected to be US$7/barrel and the average price of WTI is expected to be US$66/barrel. However, the increase in US crude oil production will push down oil prices before the end of the year. The average price of oil distribution in the fourth quarter will fall to US$67/barrel, and the average WTI price will be US$6/barrel.
Abstract: The main market for Canadian oil is the United States, and more than 80% of its oil is sold to the United States. However, the United States has been squeezing oil prices, making Canada only get the price of cabbage. Finally, Canada quit, no longer being a cheap crude oil warehouse in the United States, and instead signed an order to sell oil to it. For transportation convenience, Canada also invested 4.5 billion Canadian dollars to build oil pipelines.
It is reported that Saudi Arabia has discussed with Russia to increase production to compensate for the decrease in Venezuela's supply and to respond to concerns about the impact of US sanctions on Iran's production. However, according to people familiar with the matter, Kuwait, Iran, and other OPEC member countries accused Saudi Arabia of being pressured by the United States and Russia to lower oil prices.
USGC said: In fact, these data are based on proven reserves. Although the percentage that can be mined is not certain, there are stilU.S. crude oil off the target listl many unproven reserves. With the improvement of new energy exploration and drilling technology, not only the proven reserves will increase rapidly, but also more than half of the dry oil fields can be restored.
According to calculations by Zhuochuang Information, as of the 9th working day of the Japanese round on August 7 last Friday, the reference crude oil change rate was -0.95%, and the corresponding gasoline and diesel reduction rate was 45 yuan/ton, which has not yet touched the 50 yuan/ton Price adjustment red line. In the later period, international crude oil may rise or fall, and the rate of change is unlikely to be adjusted significantly. However, considering that the current rate has reached 45 yuan/ton, the probability of this round of stranding and lowering the pressure line is relatively high.