The report also pointed out that once again, we have seen the possibility of a number of unexpected negative developments appearing at the same time, and may postpone the time when the seasonally adjusted demand exceeds supply to tCrude oil and natural gas production in U.S. federal and non-federal regionshe end of 207 or even 208.
However, no matter how the negative information is transmitted, it cannot hinder the success of these people and companies. The rumors of spot crude oil investment scams are not much less than the above mentioned ones, but have you really contacted formal large platforms? You are more or less hacked Only if platforms, small platforms, and illegal platforms are deceived will they hate crude oil investment.
Slav wrote that there will be more than a month before the meeting between OPEC and Russia in June. They will discuss the progress of the production reduction agreement and the next steps. On the surface, there will be no surprises. Every country participating in the production reduction agreement will still be committed to implementing the production reduction agreement before the end of the year.
CGM announced on Saturday that it would withdraw from Iran to avoid being involved in sanctions. CMA CMA CGM has a huge business in the United States. Withdrawing from the Iranian market is a practice of abandoning the car. Sadie Rodolphe, CEO of the group
However, the official price spread of Dubai crude oil for the month was the same as the previous month; from the shipping index in October, the official price of the October Dubai crude oil futures listed in August was also higher than the official price of the October Oman crude oil futures.
US WTI crude oil June futures closed up USCrude oil and natural gas production in U.S. federal and non-federal regions$08, or 0%, to US$74/barrel on Wednesday, May 9. July Brent crude oil futures closed up $6, or 5%, to $72 per barrel on Wednesday, up about 0% in the past six weeks. The U.S. WTI crude oil futures price hit a high of US$76/barrel, and the price of Brent crude oil futures hit a high of US$74/barrel.
It is reported that since Trump took office as US president in 207, he has only had face-to-face exchanges with Putin during the G20 summit and the informal meeting of APEC leaders. After the last phone conversation between the two this month, Trump told reporters that he wanted to meet Putin in the near future.
Schallenberger said that apart from Saudi Arabia and Russia, no crude oil producer can make up for Iran's supply gap. I expect Saudi Arabia and Russia to increase production when necessary, and supply shortages and higher oil prices may be a major risk facing the global economy in 209, Schallenberger added.
For oil, another huge uncertainty is the escalating dispute between the United States and its trading partners, which may dampen US crude oil exports. If a 25% tariff is imposed on U.S. crude oil imports, U.S. oil will lose competitiveness, forcing it to find buyers elsewhere. Buyers have begun to reduce orders, and supply is expected to decrease in September.