<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 stabilize as OPEC compliance eases U.S. demand fears

    Pubdate:2020-07-15 11:59 Source:liyanping Click:

    NEW YORK (Bloomberg) --Crude futures in New York rose in tandem with a broader recovery in equities markets, as initial signs that OPEC members intend to comply with promised oil-production cuts assuaged fears that a resurgence in coronavirus cases would send demand back to the worst days of the pandemic.

    Futures rose 0.9% in New York after earlier falling as much as 2.6%. The dollar slipped as JPMorgan Chase & Co. reported record trading revenue, helping to support risk sentiment. Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are being resolved.

    “It’s all about risk appetite and the hope of continued demand growth here,” said Bart Melek, global head of commodity strategy at TD Securities. Iraq and Nigeria pledging to “to live up to their supply cut commitments made investors comfortable to take a long stance on oil. ”

    Earlier, prices had fallen amid growing outbreaks of coronavirus, signaling red flags for oil demand, keeping a lid on gains. California, one of the largest gasoline-consuming states in America, said Monday that it would pull back on reopening efforts.

    In the longer-term, OPEC expects demand for its crude to rebound next year, surpassing levels seen before the pandemic, as rival producers struggle to revive output. An OPEC+ committee meets Wednesday to discuss easing record supply curbs that have helped the market recover. OPEC+ is expected to stick with plans to taper the cuts from August even as the virus rages in many parts of the world.

    Prices:

    West Texas Intermediate for August delivery rose 29 cents to $40.39 a barrel as of 11:39 a.m in New York

    Brent for September settlement gained 32 cents to $43.04 a barrel

    Gasoline futures fell 2% to $1.2482 a gallon as the spreading virus in the U.S. threatens demand

    The OPEC+ committee will consider whether the alliance should keep 9.6 million barrels of daily output off the market for another month, or taper the cutback to 7.7 million barrels as originally planned. Members are leaning toward the latter option, according to several national delegates who asked not to be identified.

    Meanwhile, data showed the extent of China’s binge on cheap crude earlier in the year. The world’s top importer bought a record 13 million barrels a day for June arrival, according to customs data, as a long line of vessels carrying cheap oil bought months ago wait to offload shipments.

    Other oil-market news:

    Middle East producers are banking on robust demand from Asia for their more sulfurous and dense crude, boosting prices for the dirtier oil even as OPEC+ considers loosening cuts.

    The coronavirus pandemic will accelerate Eni SpA’s pivot away from conventional refineries to investing in greener facilities.

    国产精品99亚发布| 无码国内精品久久人妻蜜桃| 国产精品第100页| 国产精品成人在线| 日韩精品无码一区二区三区免费 | www.99精品视频在线播放| 国产精品亚洲五月天高清| 亚洲高清国产拍精品熟女| 亚洲国产美女精品久久久久| 久久青草精品38国产| 99视频在线观看精品| 国产精品青草久久久久福利99| 老司机免费午夜精品视频| 日韩免费高清播放器| 国产大片51精品免费观看| 精品国产_亚洲人成在线| 亚洲国产精品久久久久秋霞小| 精品综合久久久久久98| 91精品啪在线观看国产91九色| 亚洲嫩草影院久久精品| 久久精品视频免费看| 久久精品国产91久久麻豆自制 | 在线精品无码字幕无码AV| 久久久精品视频免费观看| 国产精品va在线观看无码| 日韩一级在线视频| 日韩亚洲人成在线综合| 久久久久久久久无码精品亚洲日韩| 日韩一本之道一区中文字幕 | 久久久久国产日韩精品网站 | 国产精品成人精品久久久| 污污网站国产精品白丝袜| 精品400部自拍视频在线播放| 亚洲av日韩av不卡在线观看| 中日韩精品电影推荐网站| 国产三级久久精品三级| 国产亚洲精品美女2020久久| 国产成人亚洲精品播放器下载 | 女人高潮内射99精品| 日韩a视频在线观看| 日韩精品一二三四区|