To sum up, the spot crude oil market has strong support. Before the above benefits dissipate, crude oil prices are expected to rise above the $70 mark. At the same time, oil prices will also usher in regular data API, EIA inventory and other data every we
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Cunningham pointed out that even when Saudi Arabia broke its production record in 206, the output at that time was only 0.6 million barrels per day, so Saudi output itself has yet to be tested by facts. Earlier Bloomberg also reported that at the recent A
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Let the profits run: Its scary to say: just hold the profit slip. The problem is that even if people in the spot know about trends, they dont know the stability of the fluctuation range and they dont know how to filter fluctuations. Even if they know the
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The IEA estimates that non-OEPC production in 208 will increase by 800,000 barrels per day, more than double the 700,000 barrels per day in 207. Both the U.S. Energy Information Administration EIA and OPEC have predicted that U.S. crude oil production wil
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Netanyahu also stated that Iran has released lies to secretly manufacture nuclear weapons, and the Iran nuclear agreement was based on lies; at the same time, Israel has shared secret documents with the United States, and will share this document with the
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However, crude oil organizations including OPEC and the International Energy Agency IEA predict that the growth of crude oil demand in the next few years will slow to an average annual increase of 0 million barrels per day. It surpassed the United States
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At present, both Saudi Arabia and Russia have plans for OPEC and allies to increase production to limit the rise in oil prices. After meeting with Saudi Energy Minister Falih last night, Russian Energy Minister Novak said that the two countries support th
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[Review] Baker Hughes released data on May 4, showing that as of the week of May 4, the number of active oil wells in the United States increased by 9 to 84, recording growth for five consecutive weeks and hitting a new monthly high in 205 years. . More d
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The U.S. dollar index continued to climb on Wednesday and once set a five-month high to 98. However, the dovishness of the minutes of the Fed’s meeting narrowed the U.S. index’s gains. The minutes of the Feds May monetary policy meeting showed that Fed o…
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Iranian President Rouhani said that the United States cannot be trusted. Iran has always believed in diplomacy. Trumps call for direct dialogue is intended to increase internal division in Iran. The United States must prove its willingness to solve the pr