To lift or not to lift? The US crude oil export ban: its impact on prices and energy security.

To lift or not to lift? The US crude oil export ban: its impact on prices and energy security.

The sharp decline in U.S. inventory data also contradicts the previously disclosed background data that Saudi Arabia’s exports to the U.S. are increasing and the U.S. domestic productioTo lift or not to lift? The US crude oil export ban: its impact on prices and energy security.n is still increasing, making investors confused. Some analysts pointed out that under the situation of insufficient supply and a number of US data showing that the economy is strong and energy demand will continue to increase, crude oil prices will continue to rise in the second half of the year or the general trend. The bulls have bet that oil prices will rise to the $95-00 per barrel range at the end of the year.

The trends in the Middle East can be said to be the top priority of the current market. On April 9th, Trump met with military personnel at the White House and discussed how to respond to Syrian President Bashar al-Assad’s government's launch of the Syrian people. Chemical weapons attack.

Crude oil prices rose by US$0.77 during the US session today, an increase of 08%, to US$62/barrel, refreshing an intraday high of US$656, and the top US$70 is about to break. It should be noted that the Fed’s speech later on, the US dollar index may fluctuate greatly.

And Qatar Investment Authority CEO Mansour Ibrahim Mahmoud said that Qatar hopes to increase its current US$2 billion investment in the United States to US$45 billion in the next two years. Not only that, Qatar also promised the United States to expand its military bases in the country.

The traditional pillar of cooperation with Iran is the energy industry. Take the oil and gas group hereinafter referred to as PetroChina as an example. As early as 2004, PetroChina began to cooperate in Iran. In 206, Iran and PetroChina reached a $70 billion agreement to import 700 million tons of natural gas within 0 years, but the cooperation soon stalled due to the overweight sanctions imposed by the United States on Iran.

As Saudi Arabia’s main competitor, Iran has been attacking the OPEC meeting. After obtaining sanctions exemption in 205, the country refused to sign the policy agreed upon by OPEC and expressed the need to furtherTo lift or not to lift? The US crude oil export ban: its impact on prices and energy security. increase production.