This summer, the international oil price is expected to rush to a high again
last week, the international oil price fell first and then rose, falling to $100 during the session. At the close of last Friday, the April futures of West Texas light oil on the New York Mercantile Exchange closed at $106.23 a barrel
recently, due to the volatility of the US dollar, the oil market fluctuated. Before the peak of oil consumption in summer, the total demand of the international oil market was at a low level, and the global crude oil market was currently in sufficient supply. Recently, affected by the U.S. subprime mortgage crisis, the dollar will continue to depreciate, and the geopolitical risks will not be reduced. (2) section steel has also continued to expand to other countries outside the Middle East, which has also given strong support to international oil prices. Therefore, the author predicts that the international oil price will continue to fluctuate in the US dollar before the peak of oil consumption in summer; When the summer oil peak comes, the international oil price may break through the board and rise to more than $120
OPEC said there was sufficient supply. Total said in a report released last Thursday that the average profit of European refineries since the beginning of this year has been lower than the level in 2007. The decline in profits also led to a reduction in the operating rate of refineries. Total plans to conduct eight major annual inspections of its refineries this year, two less than last yearthe Nigerian oil minister said on the sidelines of the oil ministers' meeting of African, Latin American and Caribbean countries last Thursday that the global crude oil market is currently in sufficient supply, and OPEC does not need to adjust its production policy. He added that since OPEC decided to maintain output unchanged earlier this year, the overall market situation has not changed, so there is no need to intervene in the market
the operating rate of U.S. refineries increased
the U.S. Department of energy report showed that the operating rate of U.S. refineries last week increased by 0.2 percentage points to 82.4% compared with the previous week, a decrease of 4.6 percentage points from 87% in the same period last year. Crude oil inventories jumped 7.32 million barrels to 319.2 million barrels, the 11th increase in the past 12 weeks, 1.8% higher than the average level in the past five years; Analysts had expected an increase of 2.3 million barrels. Distillate oil inventory decreased by 1.6 million barrels to 109.7 million barrels. As of the first four weeks of March 28, the overall potential oil demand in the United States was 20.3 million barrels per day, down 1.3% from the same period last year, and gasoline demand was 9.2 million barrels per day, unchanged from the same period last year
the demand for American refined oil is low
the data released by the U.S. energy information administration showed that the total demand for refined oil in the United States had averaged 20.283 million barrels per day as of March 28, 1.3% lower than the same period last year; The average daily gasoline demand for four weeks was 9.162 million barrels, unchanged from the same period last year; Distillate oil needs to complete different experiments such as the four - day mean 420 bursting test 50000 barrels, 3.1% lower than the same period last year; Do you know the use of coal electronic universal testing machine and the working principle of deformation measurement? Let's take a look. The four week daily average demand for oil-based aviation fuel is 3.7% higher than that of the same period last year. In a single week's demand, the total daily oil demand of the United States was 20.402 million barrels, 83000 barrels lower than the previous week; Soon, the daily demand for gasoline in the United States was 933 barrels, 214000 barrels higher than the previous week; The average daily demand for distillate oil was 4.232 million barrels, 5000 barrels higher than the daily average of the previous week
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