Crude oil and natural gas production in U.S. federal and non-federal regions

Crude oil and natural gas production in U.S. federal and non-federal regions

Li Yan, a refined oil analyst at Longzhong Information, said that at present, the trend of international oil prices has not broken away from the weak shock range. It is expected that the next round of refined oil price adjustments is likely to be Crude oil and natural gas production in U.S. federal and non-federal regionsstranded or fall. Calculated based on the current international crude oil price level, the next round of refined oil products will start to show a downward trend, with an amplitude of about 0 yuan/ton, that is to say, the downward trend of the next round of price adjustment cycles is not stable.

OPEC, the Organization of the Petroleum Exporting Countries, said that global oil inventories are close to equilibrium and added that the monthly crude oil production fell to 960,000 barrels per day, a decrease of 200,000 barrels per day from February.

From the perspective of the market, the global demand for crude oil was relatively healthy in May. In fact, the US Energy Information Administration stated that US crude oil exports reached 2.56 million barrels per day, a record high. At the same time, U.S. crude oil production has reached 0.8 million barrels per day, which will enable U.S. crude oil production to gradually meet domestic and international needs.

Therefore, if the United States solves the transportation bottleneck problem in 209 and continues to expand its production capacity, it can gain a larger market share and profit from higher oil prices. However, the remaining capacity will decrease after OPEC increases production, and it is unlikely to increase production next year.

Rouhani said on July 22: Don't play with the lion's tail, this will only lead to regret. Americans must understand that peace with Iran is the source of all peace, and war with Iran is the mother of all wars. He added that further threats from the United States will only make Iranians more united, and Iran will surely defeat the United States.

After Trump announced the resumption of sanctions on Iran in May, oil prices rose sharply. But after the first round of economic sanctions laCrude oil and natural gas production in U.S. federal and non-federal regionsnded last week, oil prices fell slightly. However, people from all walks of life expect that once the sanctions are officially implemented in the fourth quarter, oil prices are still expected to rise significantly.

However, the increase in US oil drilling activities has put pressure on the oil market. U.S. energy companies added seven oil rigs in the week ending April, bringing its output to 85, the highest level since 205 months.

In June, Iraq will supply an additional 5 million barrels of crude oil to cooperative companies, following the example of other Middle Eastern oil-producing countries and increasing market share before OPEC's meeting this week. Iraq is OPEC's second-largest oil producer. It has previously set a target and hopes that the export volume of crude oil from southern ports will reach a record high of 470,000 barrels per day next month.

All in all, on the current technical side, crude oil is in a relatively favorable stage of rebound. If the results of the OPEC meeting later can bring further positive news, then crude oil companies can even return to above 70 US dollars and start a new round of rising prices. However, if the outcome of the meeting is to increase production, crude oil prices may face a crisis of losing $60 in the future.

The crude oil inventories of the United Kingdom have increased significantly, and data shows that about 56% of the crude oil from the Forties oil field in the United Kingdom was shipped through the Hongde Point port in the month. The International Energy Agency predicts that crude oil demand will increase by 500,000 barrels per day, consistent with last month’s report, but it pointed out that the uncertainty of trade tariffs between the United States and the United States puts the demand outlook at risk if global GDP growth declines by% Will result in a reduction in demand growth of 690,000 barrels per day.