Crude oil and natural gas production in U.S. federal and non-federal regions

Crude oil and natural gas production in U.S. federal and non-federal regions

IfCrude oil and natural gas production in U.S. federal and non-federal regions the entire market starts to fall, these losing positions may be your biggest loss, which means you should close these positions first. Good positions will not fall very quickly, and on the other hand, they may also rise again. So don't close profitable positions in a hurry.

Although oil prices are underpinned by the threat of Iran’s new sanctions, other factors hinder further increases in oil prices. According to data released by the American Petroleum Institute API on May, the US crude oil inventories increased by 400,000 barrels to 2.6 billion barrels in the week ending on the 27th.

But it seems that the United States is not enough to protect the Strait of Hormuz, because Iran recently plans to threaten the Bab Ermand Strait. The Strait of Babirmand, like the Strait of Hormuz, is an important oil transportation channel. The Babirmand Strait is located between the Arabian Peninsula and the African continent. It is 50 kilometers away. Westerners call it the strategic heart of the world. The Mande Strait leads to the Red Sea in the north and the Gulf of Aden in the south. It is the only route for the shortest route from the Atlantic Ocean to the Indian Ocean. It is also an important route for maritime traffic and trade between Europe, Asia and Africa. The Mande Strait is the southern gate of the Red Sea and a shortcut to and from the two oceans. It is still the most important and busiest strait in the world. More than 20,000 ships pass through it every year.

API Executive Chairman and CEO Gerrard said that the fact of tariffs will disrupt the complex supply chain of the U.S. oil and gas industry, which will affect the ongoing and planned energy projects in the U.S. and weaken U.S. economic security. This is because most of the special steel used in oil and gas pipelines is imported.

For Nigeria, oil is the lifeline of the entire country, and most of Nigeria's oil resources are in the delta region. Oil revenue in the Delta region accounts for nearly 90% of Nigeria’s total export value and foreign exchange reserves, and 70% of Nigeria’s national revenue. The oil production in the delta area could have reached 2 million barrels per day. According to data, there were 8 billion barrels of oil in the delta area that remained unexploited in 202, and it could not be exploited until at least 2064.

Shandayan Dewarayan, Senior Director and Acting Chief EconomistCrude oil and natural gas production in U.S. federal and non-federal regions of Development Economics of the World Bank, said that the accelerated growth of the global economy and the rapid rise in demand are key factors driving the increase in broad-based commodity prices. It is predicted that prices will appear in the future. Further rise.

Technical analysis is a method of predicting price trends and future market trends by studying charts of past market activities and using measurement indicators. Technical analysis focuses on what is actually happening in the market rather than what will happen. It makes charts based on the price and transaction volume of financial instruments and uses them as the main tool.