Flynn said that for the Venezuelan oil industry, this is like another nail in the coffin. The IMF is Venezuelas cash lifeline, and if it is expelled, this lifeline will be broken.Many people say that spot crude oil loses money if it doesnt make money, whi
The attitude of OPEC countries can be seen from the OPEC joint ministerial supervision meeting in April. At this meeting, the Saudi Minister of Petroleum believed that there should not be just one indicator for reducing production, but also the issue of i
Abstract: Saudi Arabia is currently in a dilemma. If it does not reduce production, it means betraying the United States. If it reduces production, it means that it has to bear the risk of bankruptcy. However, Saudi Arabia may still choose to cut producti
On May 25, 208, the Minister of Energy of Saudi Arabia stated that he would do what was necessary at the June meeting. Increasing the supply of crude oil will be a gradual process, and a steady release is needed to avoid an impact on the market. He said t
Russian scholars said that Russia is not going to export a large amount of oil this year. The oil imported from Iran will be directly replaced by the Russian brand and exported to other countries. This kind of bartering trade can also increase Russias exp
The situation of the Indian rupee this year has not been optimistic. Due to the increase in India’s trade deficit, the rupee plunged by more than 9% this year, making it the worst currency in Asia. 80% of India’s crude oil needs to be imported, and risin…
Statistics from the Bureau of Statistics show that the oil refinery processed a record volume of crude oil in 208, about 600 million tons of oil, or an average of 2.07 million barrels per day, an increase of 6% year-on-year, which further proves that the
OPEC unexpectedly reached an agreement to cut production, and several companies were happy and some were worried. The plummet of oil prices in the past two years has produced winners and losers. This time, the conclusion of a production reduction agreemen
In recent weeks, hedge funds and other fund managers have reduced their long oil positions. The short position of US crude oil last week hit the highest level in six months, while the short position of Brent crude oil hit the highest level since the begin