Oil prices have risen by more than 4% this week. Because OPEC’s February 208 saw its largest cut in production in the past two years, and trade In the United States, even if storage capacity increases, crude oil storage capacity utilization will increasefrictions have slowed, good news came out of Sino-US trade negotiations to stimulate global economic and trade activities, drive international demand for crude oil, and ease oil demand. The city has oversupply.
The IEA stated that there are concerns about the bottleneck of the U.S. pipeline's transportation capacity. This problem has caused the price difference between WTI Midland and Houston's oil price to widen to a historical high of nearly $9/barrel. This problem exists in Canada as well as in the United States.
Two days after US President Trump announced his withdrawal from the Iran nuclear restriction agreement, the US Treasury Department imposed additional sanctions on six individuals and Iranian entities related to the Iranian Revolutionary Guards Corps on Thursday. The assets of the sanctioned targets in the United States will be frozen, and transactions with them will be prohibited.
At present, there are several major LNG ship operators in the world. They are from Japan, Greece, Qatar, Norway, and South Korea. The top five oil ship owners are Sino-Ocean Shipping Corporation, China Merchants Group, and Saudi Arabia. Shipping company, National Iranian Oil Company, Greek ALGIECE Group. In the future, with the huge market for LNG shipbuilding and shipping businesses, the United States is bound to be reluctant to let go of the opportunity.
Trump’s attitude is also more inclined to tear up the agreement. At the same time, the Iranian side also stated that it will not accept any agreement changes, which means that neither Macron’s new Iran nuclear agreement will accept it. Therefore, the United States and Iran’s In the end, the Iranian nuclear agreement must be torn, and Iran will resume the path of nuclear weapons. And as the incident develops to this point, not to mention that the oil cut-off panic problem in the Middle East will inevitably rise sharply, and global war tensions will also skyrocket as expected. Recall that North Korea and the United States have raged because of nuclear weapons. Here, North Korea just said that it would give up nuclear weapons, and Iran has to pick up nuclear weapons again. I am afraid it will trigger a global risk aversion.
Israeli Prime Minister Netanyahu immediately expressed his full support for Trump's tough stance. Hong Lin, an expert on international issues, believes that the abolition of the Iranian nuclear agreement will seriously worsen regional stability. The United States andIn the United States, even if storage capacity increases, crude oil storage capacity utilization will increase Israel tried to contain Iran by the way the United States withdrew from the agreement. The result would only be counterproductive and make Iran more actively engage in strategic confrontation in the Gulf region, especially by exerting pressure on Israel through Syria, Lebanon, and Palestine.
Although the volatility is not large, but several mistakes near the top and bottom, the loss is quite heavy, even if the big trend is eaten, it may not be able to make up; because there will be no stop loss, the stop loss set up can neither filter the fluctuation nor prevent the risk. , I think stop loss is useless, so I fall into the other extreme: death.
Since the beginning of this year, the world has been in the destocking stage, and the escalation of geopolitical issues has led to an increase in market expectations for future supply gaps. Oil prices have continued to rise; the impact of the Middle East problem on supply has basically been reflected in oil prices, and it depends on whether the expectations will be realized in the later period. .
Is it really in Iran’s interest to sign a Saudi-led and Russia-participated agreement to extend production cuts? Of course, high oil prices are in Saudi Arabia’s interest, but Iranians may feel that'now we have to fight a protracted war', and we must take a tough attitude here.