The oil price broke $135, and the president of shell said the reasonable price was $35 to $90.
Bloomberg said on May 22 that the external world was worried about insufficient supply because the U.S. government announced a report that the stock of crude oil depots fell unexpectedly last week. Affected by this, the international oil price soared all the way to break the $135 mark on the 22nd
the U.S. Department of Energy announced on the 21st that crude oil inventories fell sharply by 5.4 million barrels to 320.4 million barrels in the week ending May 16, the largest increase in four months. Analysts had previously predicted that U.S. crude oil inventories would increase by 900000 barrels
the report shows that gasoline inventories in the United States decreased by 800000 barrels to 209.4 million barrels. Analysts had previously predicted that gasoline inventories in the United States would increase by 250000 barrels. Distillate oil inventories increased by 700000 barrels to 107.8 million barrels, with an expected increase of 1.3 million barrels
mancis, a market analyst at Australian commodity guarantee company in Sydney, said: "before the release of the U.S. energy inventory report, oil prices have soared all the way. The release of the report has brought more impetus to the continued rise of oil prices. I already think this is a serious macro event. The current high price of oil prices will bring many serious consequences to the development of the rare earth industry."
due to the negative impact of the U.S. energy inventory report, in the electronic trading session on the 22nd, the price of light crude oil futures for July delivery on the New York Mercantile Exchange rose by $1.87, or 1.4%, to $135.04 per barrel. As of 9:30 a.m. Singapore time, oil prices in New York fell back to $134.85. The price of crude oil for prompt delivery rose by 8.5% last week with accessories such as upper and lower pressing plates, zigzag bearings, zigzag indenters, shear seats, and shear blades. The price of crude oil futures for delivery in 2016 rose by $20 to $142 a barrel. Previously, on the 21st, the futures price of light crude oil for July delivery on the New York Mercantile Exchange broke through the $130 per barrel mark for the first time
at the same time, at 9:29 a.m. Singapore time, the price of Brent crude oil futures in the North Sea for July delivery on the London International Petroleum Exchange also hit a new high, rising $1.80 per barrel, or 1.4%, to $134.50 per barrel
as Libyan oil minister Ghanim rejected OPEC's call to increase crude oil production yesterday to deal with the current surge in oil prices, the crude oil market has also been strongly supported. OPEC, which currently provides 40% of the world's crude oil, is not prepared to hold an emergency meeting to review crude oil production before its regular meeting in September
Rick Mueller, a senior analyst at the energy security analysis company in Wakefield, Massachusetts, said: "At present, OPEC is playing with fire. Although they may be right to look at the current crude oil supply from their point of view and position. But under the current circumstances, they can automatically calculate the material's yield point, torsional strength, axial force and other performance parameters. They should take practical actions to increase crude oil production to help oil prices fall, rather than just talking about it. Other OPEC member states should also be like Saudi Arabia We should take more practical actions to reduce oil prices. "
as the world's largest oil producer, Saudi Arabia said on Friday that it plans to increase the daily output of crude oil products in June in response to the growing demand of consumers and the request of US President Bush to ease the tension of oil prices. Saudi Oil Minister Ariel Naimi said on Friday that the country would increase crude oil production by 300000 barrels a day in June, or 3.3% to 9.45 million barrels
Naimi then said, "at the request of global customers, we have increased the daily output of crude oil by 300000 barrels on May 10. With this plan to increase the daily output of crude oil again, our daily output of crude oil in June will reach 9.45 million barrels, which is in response to the requirements of about 50 customers around the world."
Mueller predicted: "like our peers at Goldman Sachs, we predict that the international oil price may soar to between $150 and $200 in the future. The future gasoline price may reach the level of $5 or $6, which will really harm demand and lead to a recession in the U.S. economy." Previously, in March 2005, Mueller had predicted that the international oil price would soar to between $50 and $105 by 2009
Hofstadter, President of shell oil company, said when accepting the inquiry of the U.S. Congress on oil price and establishing a joint venture that the actual price of oil should be between $35 and $90 per barrel
on the 21st, representatives of the five major oil companies were questioned by the US Senate Judiciary Committee. Representatives of the five major oil companies attending the inquiry were from BP, ConocoPhillips, Chevron, ExxonMobil and Royal Dutch Shell
at the hearing, Hofstadter, President of shell oil, a subsidiary of Royal Dutch Shell, said that the actual price of oil should be somewhere between $35 and $65 a barrel. Other presidents questioned said that the reasonable oil price was up to $90 a barrel
the US Congress also passed legislation last week to suspend the purchase of strategic oil reserves. To this end, the United States said that it would stop buying strategic oil reserves in the second half of this year to cope with the current high oil prices. The US Department of Energy announced that it had not signed a six-month supply contract for the purchase of strategic oil reserves
at present, airlines have been hit hard by the soaring price of aviation fuel. In many airlines, fuel cost has become the largest expenditure item. Compared with last year, the price of aviation fuel has increased by 88%. In New York Harbor yesterday, fuel per gallon hit a new high of $4.0592
in order to cope with the plight of soaring fuel and reduced passenger volume, American Airlines, the world's largest airline, has cut thousands of employees. (Yalong)