Look at electronics in the crude oil market

Look at electronics in the crude oil market

According to industry sources and data, Iran has sold more than one million barrels of crude oil that has been stored at sea for a long time, used OPEC's production cut to regain its market share before being sanctioned by the West, and is also seeking new buyers other than Asian countries. According to Thomson Reuters data, Iran’s offshore crude oil storage dropped from 29.6 million barrels in early October to 6.4 million barrels. Before the crude oil data plummeted, the scale of Iran's offshore crude oil storage had been little changed in 206, and it was 29.7 million barrels at the beginning of last year. In addition, OPEC's competitor, the United States, also showed signs of recovery in production. The total number of oil rigs in the United States for the week to June 6 announced last Saturday was 529. In the past two weeks, the total number of oil rigs recorded for 0 consecutive weeks, setting a new one-year high and higher than the 56 in the same period last year. In terms of crude oil production, although the crude oil inventories of API and EIA fell unexpectedly last week, the surge in gasoline and refined oil inventories of the two offset this benefit. According to data, the U.S. EIA crude oil inventories recorded a decrease of 700,000 barrels in the week to February 0, the largest decline since September 8, 206; however, gasoline inventories recorded an increase of 807,000 barrels, the largest incrLook at electronics in the crude oil marketease in a year; Refined oil inventories also recorded an increase of 0 million barrels, far exceeding the expected increase of 0 million barrels. Robert Haworth, Senior Investment Strategist, Bank of America Wealth Management

API data released this morning showed that crude oil inventories decreased by 40,000 barrels, but the decrease was less than expected. Even if the EIA data in the evening is different from API, the data is more favorable for crude oil, so the market and technical side are so bearish Under the circumstances, the pattern of oil prices falling to $5 cannot be changed.

From last year’s agreement between OPEC countries headed by Saudi Arabia and non-OPEC oil producing countries headed by Russia to reach a production reduction agreement, and now that both Saudi Arabia and Russia have reached a longer oil agreement, it can be seen that both Saudi Arabia and Russia hope to work together to regulate the world. Supply of crude oil and maintain long-term stable oil prices.

The EIA crude oil report will be announced at 22:00 Beijing time, and crude oil inventories are expected to increase by 270,000 barrels from the previous value of 270,000 barrels. The market predicts that refined oil inventories have decreased by 205,700 barrels from the previous value by 260,000 barrels, while gasoline inventories have fallen by 490,000 barrels, and the previous value has increased by 840,000 barrels.

Although Israeli Prime Minister Netanyahu denied this statement, it shows that the contradiction between the two sides has a trend that cannot be suppressed. Sun Degang believes that there are structural conflicts between Israel and Iran in the Middle East. The two sides have already had military frictions in Syria, Israel, and Lebanon, and local military conflicts cannot be ruled out in the future. By then, Syria and Lebanon will become the main battlefields of the strategic game between Israel and Iran.

Unknowingly, half of 208 years have passed. In the first half of this year, crude oil prices started a strong crude oil bull market. However, a pot of cold water in June instantly calmed the market. With the OPEC meeting with a slight increase The increase in production is over. In the second half of this Look at electronics in the crude oil marketyear, will there still be opportunities for crude oil prices to reach new highs? What should we pay attention to in the second half of the year?

But to break the monopoly of three barrels of oil with foreign gas stations, there may be a long way to go. This is because most of the oil at foreign gas stations is purchased from three barrels of oil, and the quality of the oil is the same as that of three barrels. Let's talk about oil prices. It can be seen from the above situation that it may be difficult for foreign gas stations to sell 5 yuan of oil.

Crude oil production in the four member states fell by 70,000 barrels per day to 2.04 million barrels per day, which is the lowest level since the production of 900,000 barrels per day in April last year. At the same time, the General Administration of Customs announced at the import and export press conference in April that the monthly crude oil imports