Secondly, the price difference between Brent-WTI crude oil is used as an indicator to measure the tightening of the oil market. The widening of the price difference between the two indicates that global supply and demand may have reached a tight balance,

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

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 sanctions on Venezuela. US Vice President Pence said that Venez

After Saudi Arabia and Russia put forward plans to increase production appropriately, some of the remaining 22 oil-producing countries involved in production cuts did not approve of this. Because relaxing production cuts will hardly benefit them. If the r

As the supply of oil from Iran and Venezuela has dropped sharply this year, international oil prices have also become extremely unstable. Crude oil has reached US$80 per barrel this year. Judging from the current situation, the possibility of further incr