Venezuela will hold general elections on May 20 this weekend. However, the United States has always condemned the election as a hoax and threatened to join other countries in imposing tougher sanctionCrude oil spot price data services on Venezuela. US Vice President Pence said that Venezuela’s general election on May 20 is not a real election at all...We think it’s time to take more action.
Qiaohan said that the suspension of refinery production for maintenance in May led to the shift of 0 million barrels per day of crude oil to offline production capacity, which promoted US crude oil exports. With the arrival of the driving peak in the next three months, the refinery's production capacity is gradually restored to meet domestic gasoline and refined oil demand, and only less than 200,000 barrels of crude oil per day will be affected.
The qualification of the platform, whether it has the approval of the provincial government, is the most direct criterion for judging the formality of the platform, but it is difficult for investors to determine the authenticity of the approval, so continue to investigate the composition and background of shareholders of exchanges or trading centers, large enterprises or state-owned enterprises Generally, you don’t risk your corporate reputation.
Traders await the results of Venezuela’s May 20 election on Sunday. If Venezuelan President Maduro is given another six-year presidency, it may trigger additional sanctions on the country by the United States. The opposition parties largely resisted, and Maduro’s two most popular opponents were barred from running for elections. The Venezuelan election process was criticized by the United States, the European Union and other major Latin American countries.
Therefore, Trump's move will undoubtedly detonate the situation in the entire Middle East, and at the same time ignite global risk aversion, and it will even plunge the crude oil market into a huge panic. Perhaps people still think that Trump will have a bit of softheartedness, but these words of the Israeli Prime Minister undoubtedly shattered people's last hope.
Alekperov, head of Lukoil, Russia’s second-largest crude oil prCrude oil spot price data serviceoduction company, said that now is the time to increase oil production because oil prices have reached 80 US dollars per barrel, which is the highest level since the end of 204. He also said that he hopes Novak can convene them for relevant discussions before the June OPEC meeting in Vienna, because oil prices have risen to a very high level.
The author believes that the RMB oil settlement system is the key to breaking the situation in oil. It is independent of a set of settlement systems other than U.S. dollar oil, which means that no matter how high the dependence on oil imports is, the domestic currency can be used for settlement of transactions with oil-producing countries. Avoid the impact of the dollar system.
After the agreement was announced, oil prices soared. The reason is that the different member states have different levels of capacity expansion, which means that it is difficult to achieve an increase of 0 million barrels per day. According to the oil ministers of several member states, the actual increase in production is expected to be 700,000 barrels per day. This figure was lower than previous market expectations, which greatly eased the oil market’s panic about increasing production and triggered a retaliatory rebound in oil prices last Friday.
Since the end of last year, US crude oil production has risen to record levels. The U.S. Energy Information Administration said on Thursday that this year’s monthly output increased by 250,000 barrels per day to reach 0.47 million barrels per day, setting a new monthly record.