Wan Kaizi:OPECThe decision to limit production is uncertain Russia and Iraq Sing Double Springs

Monday(10month24day)crude oilThe price fluctuates downward, although strongly supported by the downward trend, there is a greater risk of a downward trend due to the continued increase in drillingOPECThe prospect of frozen production is unclear, and Russia and Iraq can be said to have a one second attitude. Yesterday, they said they would cooperate with frozen production, and today they will have a fight with you. It's really a good song for the oboe, so don't worry about no one watching!
　　
　　Although the Venezuelan President has made optimistic predictions and Saudi Arabia has invited Russia to participate in meetings aimed at promoting joint action, Russia has repeatedly refused to declare its participation in production restrictions. More market strategies focus on official account natural gas spot guidance.
　　
AnotherOPECMember country Iraq has also requested exemption from production restrictions, which may igniteOPECA new round of internal disputes will determine the details of production restrictions next monthOPECThe prospect of the summit is uncertain.
　　
According to foreign media reports, during talks with Azerbaijani President Aliyev, Venezuelan President Maduro stated that,OPECAnd nonOPECThe country is very close to reaching an agreement to limit oil production. Aliyev stated that Azerbaijan will not increase its oil production and exports. Pay attention to official account with multiple operation skills; Natural gas spot guidance.
　　
And the Minister of Energy of Saudi ArabiaKhalid al-FalihAs a means of facilitating nonOPECOne of the measures taken by the country to work together to stabilize the oil market, he invited the Russian Minister of EnergyAlexander NovakParticipate in the Gulf Cooperation Council held in the Saudi capital(GCC)Meeting of Energy Ministers.
　　
　　al-FalihSaying that Russia, as a major global oil producer, has influence in stabilizing the oil market,NovakWelcoming the invitation clearly indicates that Russia "sincerely hopes to continue cooperation and cooperate with other oil producing and exporting countries to make the market more stable."
　　
　　Sunday(10month23day)Russia once again refuses to express its participation in production restrictions,NovakThere is no mention of freezing production or reducing production, but rather an assessment of "many scenarios" to accelerate the recovery of the oil market.
　　
Minister of Oil of IraqJabber Al-LuaibiOn the same day, it was said that Iraq should be exempted from production cuts because the country is embroiled in war with Islamic militants. Last month, Iraq's daily oil production exceeded470Ten thousand barrels, if the government urges multinational corporations to increase the production of their own oil fields, the daily production may be even higher.
　　
Last month's endOPECFor the first time in eight years, a production restriction agreement has been reached, and member states have agreed to set output targets at3250-330010000 barrels/Daily range, compared to this year8Monthly level decrease0.6%-2.1%But the specific details, including the production restriction allocation quota, will be left for next monthOPECThe Vienna Summit has been finalized.
　　
The report points out that Iraq's "grievances" will directly drive other countries to join a new round of "arguments", as Venezuela, Kuwait, and the United Arab Emirates also have higher daily self estimated production than third-party estimates22.4Ten thousand barrels19.6Ten thousand barrels and20.2Ten thousand barrels.
　　
　Overall,OPECThe prospect of a frozen production agreement is unclear. Although Iran is willing to cooperate, Russia and Iraq may face ultimate resistance11Before the Vienna meeting, there are still significant variables regarding the outcome, and it is recommended that investors be cautious.authority:zhetan1314，
　　
　This article is from the author's official account natural gas spot guidance, please indicate the source if reprinted. This article does not provide any express or implied warranties regarding the accuracy, reliability, or completeness of the content contained. Readers are advised to strictly control their positions for reference only, and to take full responsibility for this. Finally, I wish everyone a pleasant investment and a happy day!
　　(Text)/Wan Kaizi