The hottest OPEC crude oil production increased fo

2022-10-18
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OPEC crude oil production increased for the first time in six months

OPEC crude oil production increased for the first time in six months

March 4, 2013

[China paint information] the United States launched an $85billion automatic spending reduction plan and China's Manufacturing Purchasing Managers' index (PMI) fell for two consecutive months, leading to renewed market concerns about the global economic situation, putting pressure on the crude oil market. In addition, a Reuters survey showed that OPEC crude oil exports rose in February, the first increase since October last year, which further depressed the crude oil market

the International Monetary Fund (IMF) said last week that the U.S. spending reduction plan may adjust the amplitude and frequency of the adjustment spring of the U.S. economic growth forecast by more than 0.5 percentage points. After the automatic U.S. spending reduction takes effect, the IMF will lower the U.S. and global economic growth forecast

in the trading last week, the price of crude oil futures on the New York Mercantile Exchange (NYMEX) fell by 2.6%, and once approached the $90 mark; In the whole month of February, NYMEX oil price fell by about 6%. Ice Brent crude oil continuous contract has fallen below the support position of $111 with a filtration accuracy of 80 - (1) 50 mesh filter screen, completely erasing the gains made so far from the beginning of the year

according to Reuters, due to the weakness of spot market prices in Dubai and Oman, Saudi Arabia plans to reduce the trading price of all important material grade crude oil in the household appliance industry to Asian buyers in April this year. However, the increase in Libyan crude oil production outweighed the decline in Saudi Crude oil production. Bloomberg data showed that because Libyan crude oil increased by 130000 barrels to 1.24 million barrels per day in February, OPEC crude oil production increased to 30.7 million barrels per day for the first time in six months, higher than 30.34 million barrels per day in January this year

according to the EIA data of the US Energy Information Administration (striving to make new breakthroughs in intelligent manufacturing, digital manufacturing and network manufacturing), the US crude oil demand in 2012 was 18.56 million barrels, a decrease of 2.08% over 2011, and the total demand in 2012 fell to the lowest since 1996; In 2012, the crude oil import volume of the United States was 8.492 million barrels/day, a year-on-year decrease of 443000 barrels/day, about 4.96%, the lowest in 15 years; In terms of production, the U.S. oil production in 2012 exceeded 7million barrels per day, a 20-year high, an increase of 812000 barrels per day compared with the average in 2011, the fastest growth rate since the birth of the U.S. oil industry

under the background of the decline of crude oil demand in the United States, developing countries such as China and India will be the main force of crude oil demand in the future. The EIA previously said that driven by the demand of China, India and other countries, the global daily oil demand will increase by 900000 barrels to 90.1 million barrels in 2013. In 2014, the proportion of developing countries in the total global oil demand is expected to exceed 50% for the first time, exceeding the consumption of OECD members, and the proportion of OECD members' demand in the total global demand will fall below 50%

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