Hydraulic fracturing accounts for about half of current U.S. crude oil production

Hydraulic fracturing accounts for about half of current U.S. crude oil production

Therefore, when you are preparing for a trend, there is a high probability that you will encounter multiple profit-taking times; especially if you want to prepare for a larger trend, there are fewer such trends, soHydraulic fracturing accounts for about half of current U.S. crude oil production you encounter Even if the market is a trend market, it is likely to be a small trend market.

A few months ago, the Iranian Petroleum Minister told Indian refineries to prepare for a sharp drop or zero in Iranian crude oil imports. It is possible to reduce Iran’s crude oil imports, but reports say that senior Indian officials have refused to comply with the requirement to reduce Iran’s crude oil imports to zero.

On the 20th, the US Treasury Department announced that because a Russian oil company helped two Syrian oil companies import oil from Iran, it had imposed sanctions on nine individuals and companies in Russia and Iran. This is the first time the United States has punished Russia in more than a month.

The sharp decline in U.S. inventory data also contradicts the previously disclosed background data that Saudi Arabia’s exports to the U.S. are increasing and the U.S. domestic production is still increasing, making investors confused. Some analysts pointed out that under the situation of insufficient supply and a number of US data showing that the economy is strong and energy demand will continue to increase, crude oil prices will continue to rise in the second half of the year or the general trend. The bulls have bet that oil prices will rise to the $95-00 per barrel range at the end of the year.

Longanecker believes that the steel and aluminum tariffs imposed by the United States on major trading partners will slow down the upstream oil and gas exploration and production activities in the United States, hit the industry that is still in the recovery mode, and cause unemployment, production and corresponding tax reductions, which will affect the country and the local The economy is unfavorable.

Indian government officials said that India and China are discussing how to increase US crude oil imports to Asia, a move aimed at reducing its dependence on OPEC. He said in New Delhi on Wednesday that the two countries hope to put pressure on OPEC oil-producing countries to control oil prices. Due to internal policy issues, the official asked not to reveal his name. On June, Wang Yilin, chairman of the largest energy company Petroleum and Natural Gas Corporation, met with the chairman of tHydraulic fracturing accounts for about half of current U.S. crude oil productionhe Indian Oil Refining Company in Beijing. The two sides discussed the issue of deepening cooperation in oil and gas business.

Previously, articles on this website mentioned many times that the crude oil market this year will be a contest between the increase in U.S. crude oil production and the reduction in OPEC. However, after the struggle for more than half a year, it seems that U.S. shale oil production may be facing the dilemma of stalling. . Scott, known as one of the creators of the shale revolution

At 22:00 Beijing time, the United States will announce the EIA crude oil inventory for the week until April 20, which is expected to decrease by 2.68 million barrels. If the EIA crude oil inventory increases unexpectedly tonight, crude oil bulls may be suppressed again.

Compared with the T+ trading mechanism of the stock market, the T+0 trading model of spot crude oil investment is a sell-and-sell method, which is flexible and easier to grasp the market and avoid risks at any time during the investment process. The stocks need to be sold overnight in order to be sold, which is relatively inflexible and not strong enough to control risks.