Shenzhen Longhua Shengshi

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On Tuesday (Month)
Crude oil prices fell from recent month highs as the Organization of the Petroleum Exporting Countries (OPEC) oil production rose to a record high in March, according to data from the International Energy Agency. In addition, profit-taking in the market has also put downward pressure on oil prices.
The International Energy Agency released its monthly crude oil market report on Tuesday, which showed that crude oil output reached a record high of 10,000 barrels per day in January, mainly due to increased production in Iraq and Libya. This is one of the reasons why oil prices have paused their rise during the day.
The International Energy Agency said that even if China and major oil-producing country Russia reach a significant production reduction agreement, it is still unclear how quickly global supply can fall to a level consistent with demand. It is said that it is difficult to assess the impact of C production cuts on the restoration of equilibrium in the crude oil market. If no action is taken, the crude oil market may still be oversupplied in the first half of the year.
Output is still relatively severe. Iraq’s monthly crude oil output increased by 10,000 barrels/day to 10,000 barrels/day, as the government reached an agreement with the Kurdish region to resume crude oil exports from r. Libya’s monthly crude oil output increased to 10,000 barrels/day. On the same day, due to the end of the port blockade, Iran's monthly crude oil output increased to 10,000 barrels per day, exceeding the level before sanctions in 2016. Saudi Arabia's monthly crude oil output stabilized at 10,000 barrels per day.
Dalian Precious Metals
Trading Center long-term investment agent free account opening & consultation hotline:
&
:
Contact: Mr. Zhang