Another factor is the U.S. crude oil production. When our focus was on the Iran issue, the U.S. did not step down to increase production for a moment. The U.S. Energy Information Administration’s EIA released its monthly output report on Monday, May 4th.
In addition, before the non-agricultural announcement in May, according to the pricing of interest rate futures, the probability of the Fed’s rate hike in June has dropped by nearly 20 points. Although it is still at a high level of 70%, it has been firml
Abstract: On Friday, INE crude oil fell for three consecutive days, but the overall decline was limited. Because China and the United States will negotiate on trade issues, the markets worries about Sino-US trade disputes have eased, and oil prices have b
The above difficulties have caused the crude oil price of Midland, Texas, to be discounted by US$9/barrel compared to the international benchmark Brent crude oil. However, there is always a way to increase pipeline capacity. Manufacturers have already wor
In the context of the continuous sanctions imposed by the United States, Iran’s oil exports have fallen sharply. This is bound to be detrimental to Iran, which is highly dependent on oil revenues. OPEC has also carried out a production reduction plan. In