<ul id="q6cau"><sup id="q6cau"></sup></ul>
<ul id="q6cau"></ul>
<abbr id="q6cau"></abbr>
<strike id="q6cau"><menu id="q6cau"></menu></strike>
  • <ul id="q6cau"></ul>
  • The Annual Explosion Proof Electric Technology & Equipment Event
    logo

    The 25thChina International Explosion Protection and Electric Technology & Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    Oil prices climb on prediction of swift demand rebalance

    Pubdate:2020-05-27 11:11 Source:liyanping Click:

    SINGAPORE (Bloomberg) - Oil rose above $34/bbl, following a prediction from Russia that the market may rebalance as early as next month due to historic output cuts from global producers.

    Russia, a key member of the OPEC+ alliance that has pledged to trim supply by almost 10 million barrels a day, expects the market to balance in June or July. Energy Minister Alexander Novak said global output curbs have so far exceeded those agreed by the coalition. Futures in New York were 2.5% higher from Friday’s close after there was no settlement Monday due to a holiday.

    Oil has surged more than 80% this month as demand returned following the easing of lockdown restrictions in some countries, while output cuts have started to chip away at the oversupply. The International Energy Agency sees oil consumption eventually rebounding past pre-virus levels, even as some argue that the coronavirus outbreak will fundamentally shift patterns of consumption.

    “Global supply is still heading lower while demand is rising,” said Bjarne Schieldrop, chief commodities analyst at SEB AB. “This all lays the ground for higher prices down the road.”

    Prices:

    • West Texas Intermediate crude for July delivery rose $0.84 from Friday to $34.09 a barrel as of 10:26 a.m. London time

    • Brent for July settlement added 1.8% to $36.17 a barrel

    Nigeria, which has been stuck with millions of barrels of unsold crude in recent weeks, lifted the selling price for its supplies in June from record lows. Though smaller than in previous months, the discounts remain at unprecedentedly steep levels by historical standards, a reminder of the pockets of oversupply in the market.

    Around the world, producers have slashed global production by 14 million to 15 million barrels a day so far, Russia’s Novak said on Monday. The nation sees the current global surplus at 7 million to 12 million barrels a day, according to a report from RIA Novosti.

    Though producers are slashing output and demand is recovering, there are ongoing signs of the damage the virus has wrought to the industry. Both refineries in the Philippines have now been shut as a result of weak fuel demand, according to their operators.

    无码人妻精品丰满熟妇区| 在线观看国产精品普通话对白精品| 亚洲国产精品久久久久| 亚洲精品动漫人成3d在线| 国产成人亚综合91精品首页| 99久久人妻无码精品系列| 无码国产69精品久久久久网站| 国产在线观看高清精品| 日韩高清在线播放| 人妻少妇看A偷人无码精品| 久久精品一本到99热免费| 青草青草久热精品视频在线网站| 亚洲人成电影网站国产精品| 国产在线麻豆精品观看| 国产精品VIDEOSSEX久久发布| 久久久久人妻一区精品| 91大神在线精品视频一区| 久久青草国产精品一区| 亚洲国产精品自在拍在线播放 | 久久精品国产一区二区三区日韩| 精品乱码久久久久久中文字幕 | 国产伦精品一区三区视频| 97超碰精品成人国产| 一本精品中文字幕在线| 国产精品成人国产乱一区| 日韩毛片人妻久久蜜桃传媒| 国产精品二区在线| 亚洲国产精品第一区二区| 不卡精品国产_亚洲人成在线| 国产精品亚洲w码日韩中文| 精品欧洲男同同志videos| 麻豆果冻传媒2021精品传媒一区下载| 亚洲精品**中文毛片| 久久精品中文字幕一区| 伊人久久大香线蕉精品不卡| 亚洲欧洲精品视频在线观看| 久久精品国产99精品最新| 久久精品aⅴ无码中文字字幕| 九九99精品久久久久久| 国产亚洲美女精品久久久久狼 | 日韩尤物影院一二区|