Thomson Reuters crude oil spot

Thomson Reuters crude oil spot

Saudi Arabia is the closest ally of the United States in the Middle East. According to reports, the United States has been lobbying the Saudi leadership for months, urging the latter to push for an end to OPEC’s production cutsThomson Reuters crude oil spot. US President Trump has repeatedly posted on social media Twitter, saying that he believes OPEC is artificially pushing up oil prices. He wrote in a recent tweet: Oil prices are too high, because OPEC did it. not good!

In the past year, international oil prices have risen like waves. In addition to restricting production, the biggest reason is US manipulation; Trump bombed Syria, sanctioned Iran, frantically attacked Russia, and disrupted the situation in the Middle East. The ultimate goal is to push up oil prices.

According to Reuters, Saudi Energy Minister Falih previously stated that demand for crude oil in the second half of this year has risen. This week, OPEC's views on a sound production policy decision are becoming increasingly consistent. A source familiar with the talks said on Wednesday that Saudi Arabia is trying to persuade other OPEC members to increase production.

From the day the OPEC production cut agreement was signed, rumors of the agreement broke. At present, oil prices have stabilized above US$60/barrel, and internal controversy over whether to continue to reduce production or even increase the intensity of production reduction has reappeared. So, what might be the outcome of the upcoming OPEC conference on the 22nd of this month?

U.S. shale oil producers are facing an export bottleneck in the Permian Basin, which has widened the price difference between WTI Midland crude oil and WTI crude oil. Therefore, the oil sales price of the producer is not the same as the price seen on the oil price chart.

However, the surge in U.S. crude oil production has offset the continued decline in OPEC productioThomson Reuters crude oil spotn. The latest data shows that U.S. crude oil production has risen to 0.7 million barrels per day, and EIA expects that U.S. shale oil production in June will increase by 50,000 barrels per day. .

Significantly raise the barriers to entry for new energy vehicles. Newly-built independent pure electric vehicle companies must have the ability to continuously develop pure electric vehicles, the construction scale of pure electric passenger vehicles should be no less than 100,000, and no less than 5,000 pure electric commercial vehicles.

China and the United States reached a principled consensus and stepped up consultations in the direction of removing all tariffs. China is willing to expand imports according to the domestic market and the needs of the people, including buying marketable commodities from the United States, so as to gradually alleviate the problem of trade imbalance.