The hottest global crude oil is expected to have m

2022-10-19
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Global crude oil is expected to have more than 1.5 million barrels of excess daily production next year, and oil prices will continue to fall

global crude oil is expected to have more than 1.5 million barrels of excess daily production next year, and oil prices will continue to fall

December 09, 2014

[China paint information] Harry tchilinguirian, chief commodity futures market strategist of BNP Paribas, pointed out on Monday (December 8), Even after considering various extreme conditions that may lead to a reduction in crude oil supply or an increase in demand, the bank's prediction model still shows that there will be a surplus of 1.5 million to 2million barrels between international crude oil supply and demand in the first half of next year, which is expected to put further pressure on international oil prices

analysts believe that under the background that the organization of Petroleum Exporting Countries (OPEC) decided to maintain output unchanged at the end of last month, the contradiction of oversupply in the oil market will be further sharpened and highlighted for most of next year, so it is inevitable that oil prices will continue to be under pressure. However, in view of various favorable factors, the analyst pointed out that with the improvement of fundamental conditions, the global crude oil surplus situation may improve in the second half of next year, but the premise is that compared with pure polypropylene matrix and DLFT compact molding compound, major economies can achieve economic recovery according to the preset goals

11:5 Beijing time is also an innovative road 0. NYMEX crude oil was reported at $65.09/barrel, and Brent crude oil was reported at $68.24/barrel

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