OPEC has simulated four differU.S. crude oil pipeline shapefileent scenarios. Among them, the most likely scenario is that the trade dispute between China and the United States continues, but it will not have a significant impact on the global GDP or oil demand growth in 208 and 209. However, in the worst case scenario, the global economic growth rate is expected to be 66% this year and 2% next year, which is lower than the previous forecasts of 8% and 6%.
As of press time, spot crude oil prices rose slightly by US$0.22, or 0.29%, to US$684/barrel. The top focus is on the previous high of US$656/barrel. If it breaks, it will directly look towards the US$70 mark.
This is similar to a car accident for a healthy person, and accidents in transactions are always unexpected. Traders should recognize the major negative effects of chance in their trading career and understand that they expect to get rich once but the outcome is often sudden death. To prevent this kind of accident from happening, we cannot restock, otherwise there will be no room for maneuver in case of special circumstances. Traders want to trade lightly and no longer rush for success.
The IEA maintained its oil demand forecast at 500,000 barrels per day, although it pointed out that Sino-US trade frictions put the prospects for oil demand at risk. The IEA pointed out that the global GDP growth rate dropped by %, which would lead to a reduction in oil demand growth by 690,000 barrels per day. In addition, the negative impact of the trade war remains to be seen.
Baker Hughes data show that as of April 20, the number of US crude oil rigs increased by 5 to 820, the highest level since 205 months. The rising number of crude oil rigs shows that US crude oil production continues to rise. The current US crude oil production has increased by a quarter compared with mid-206 to 0.54 million barrels per day.
Because it is difficult for investors to determine the authenticity of government approvals, they continue to examine the composition and background of shareholders in exchanges or trading centers. Large enterprises or state-owned enterprises generally do not take risks with corporate reputations. Therefore, as long as the shareholders are central enterprises or local governmeU.S. crude oil pipeline shapefilents involved, the government is a vested interest. Such platforms have much stronger anti-risk capabilities than ordinary individual shareholders.
However, it is worth mentioning that the reason why exchanges in various countries are competing for Saudi Aramco's IPO is because Saudi Aramco is currently the world's largest crude oil producer and a comprehensive international oil company with a 65-year history. Mainly engaged in petroleum exploration, development, production, refining, transportation and sales, and owns the world's largest onshore and offshore oil fields. Contributed nearly 20% of Saudi Arabia's fiscal revenue and 85% of taxation. As the world's largest producer and exporter of crude oil, the proven reserves of crude oil and natural gas reached 260.2 billion barrels and 5 trillion cubic meters, respectively. In 206, the output of oil and natural gas was 0.5 million barrels per day and 86.5 billion cubic meters.
However, some very puzzling items appeared in these lists, such as the Sanchi tanker. However, this oil tanker collided with the Hong Kong-registered bulk carrier Changfeng Crystal in the East China Sea this year, causing the Sanchi to explode, the ship caught fire and eventually sank, and all the two crew members on board were killed.