Unwilling to give up all the psychology. There are countless investment opportunities in the crude oil spot market. However, investors’ time, energy, and funds are limited, and it is impossible to grasp all investment opportunities. This requires investors to make choices and make various investments. The priority of the opportunities, the size of the hot spots and other asCoffeyville Resources Crude Oil Pricepects are measured, and only small investment opportunities can be selectively abandoned to better grasp the larger investment opportunities.
In an interview with CBS, Hammad Javad Zarif warned that once the United States withdraws from the comprehensive agreement on Iran’s nuclear issue, Iran will restart its nuclear projects subject to the agreement, and the progress will be much faster than before.
With the huge crude oil gap in the Middle East, who will fill this loophole has become the focus of the crude oil market. If the United States is allowed to fill it, there is not much loss for OPEC and other countries at present, but for the United States, it has successfully expanded the market. , The future will further accelerate the control of oil prices, and if OPEC is allowed to fill it, then under the premise of being restricted by the production reduction agreement, OPEC will inevitably end the production reduction agreement, or at least significantly relax the intensity of the production reduction. However, this will be a huge negative for crude oil prices. This is also the main reason for the recent drop in oil prices. Because the situation seems to be moving in this direction.
In July, Bloomberg and many other media reported that the Trump administration is actively considering the use of the US strategic oil reserve to cool oil prices. Data from the US Department of Energy at the end of August showed that six companies, including Exxon Mobil, purchased 0 million barrels of crude oil from the US Strategic Petroleum Reserve. This strategic reserve sale is based on the previous law allowing the US government to do so in order to increase revenue for the federal government.
Compared with April, the daily output of Iran’s oil and condensate fell by 0 million barrels, a drop of 9% as shown in the figure below. April is the last month Trump announced that the United States will withdraw from the Iran nuclear agreement. On October 8, analysts at Commerzbank wrote in a report that Iranian oil exports may fall by 2 million barrels per day.
The US government reiterated that its crude oil production will reach 0 million barrels per day in October this year, surpassing Russia and Saudi Arabia to become the world's largest oil producer. The United States will open 90% of its offshore blocks for oil drilling in the next five years, and its oil production may riseCoffeyville Resources Crude Oil Price further. In recent years, U.S. oil has rapidly increased its share of the international crude oil market.
Shipping and port data show that it has become a major buyer of US crude oil, with an import volume of approximately 90,000 barrels per day in the first five months of this year. This makes it the largest net importer of U.S. crude oil and therefore an important customer of the booming U.S. shale oil and gas industry. Energy Consulting Agency Wood