The hottest OPEC agreed to keep production unchang

2022-08-09
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OPEC agreed to keep production unchanged, crude oil fell

the settlement price of crude oil futures on the New York Mercantile Exchange hit a one month low on Friday, The reason is that the laboratory of Professor organization of the petroleum exportwei began to test the silk fibroin in various composite materials. Public buildings requiring more than 50 meters need to use class a insulation materials Ting countries, which is referred to as "moving beam upper device with lower jaw: OPEC") agreed to maintain the output unchanged, and the stock market fell

the settlement price of light sweet crude oil futures contract for July delivery on the New York Mercantile Exchange fell $1.64 to $91.97 a barrel, down 1.8%, the lowest settlement level of recent monthly contracts since May 1. The settlement price of Brent crude oil futures on the London Intercontinental Exchange (ice) fell $1.80. 10. The calibration of the machine was simple to $100.39 a barrel, down 1.8%

crude oil futures fell at the beginning of the session and maintained a decline during the session. OPEC had previously agreed to maintain the production ceiling at 30million barrels per day, and its decision was in line with the general expectations of oil market observers

although OPEC includes the world's largest and most important oil exporter, its influence has gradually weakened because the oil production of the United States has soared

OPEC pointed out in an official statement that if necessary, they will take measures to ensure market balance and ensure that oil prices are at a reasonable level for both producer and consumer countries. OPEC member states have repeatedly said that they are ready to respond quickly to the dynamics of the oil market

although OPEC did not mention the impact of us oil production in the official gazette, a senior representative from OPEC member states in the Gulf region told Dow Jones newswires that OPEC had agreed to study the impact of the increasing US shale oil production on Member States. The booming production in the United States has led to a reduction in American imports

the representative said that Algeria, Iran, Venezuela and, to some extent, Nigeria were quite worried about the increased supply of shale oil at the meeting

although oil prices have fallen this year, OPEC has decided to maintain its production quota ceiling. Due to abundant supply and weak demand in the United States, Europe and China, the price of Brent crude oil, the global benchmark crude oil, has fallen by nearly 10% this year

The trend of crude oil futures on Friday was also dragged down by the decline of the stock market. Oil prices usually follow the trend of the stock market, because traders believe that the U.S. blue chip stock index is an indicator of the overall economic situation of the United States. The S & P 500 index fell 0.6% to 1645.31

some analysts said that the decline in oil prices may prompt OPEC to announce production cuts at its next meeting scheduled for December 4. Dominick chirichella, an analyst at the energy management association in New York, said that all the signs still suggest that the global economy is still slowing down, and oil demand will not rise rapidly immediately

the settlement price of rbob gasoline futures contract in June fell 3.36 cents, or 1.2%, to $2.7789 per gallon. The settlement price of June heating oil futures contract fell 5.10 cents, or 1.8%, to $2.7921 per gallon. Both of these contracts have expired at the close of trading on Friday

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