However, US dollar US Department of Energy US crude oil inventories (June 15)the NOPEC Act will face a long and difficult journey before it becomes a legal provision. Prior to this, the bill had passed the Judiciary Committee's approval four times but it did not end quickly. The farthest one was in 2007, when the bill was passed by the House of Representatives with 45-72 votes and 70-2 by the Senate, but was ultimately vetoed by then President George Bush.
There are 24 countries on the agreement, and it can be 2 at any time, one of OPEC sources said. According to OPEC sources, Kuwait, Oman and the United Arab Emirates also participated in persuading Iran.
However, crude oil organizations including OPEC and the International Energy Agency IEA predict that the growth of crude oil demand in the next few years will slow to an average annual increase of 0 million barrels per day. It surpassed the United States in 207 and became the world's largest crude oil importer. Bloomberg believes that the huge volume and the change in demand represented are the decisive factors for global oil prices.
Experts believe that the increase in oil prices will be attractive to the supply side, and the output of other suppliers will also increase, which will offset the decline in Iran’s exports to a certain extent. At present, when crude oil inventories are relatively large, the possibility of oil prices hitting US$80 per barrel is relatively high, but the possibility of a surge to US$00 per barrel is relatively small.
The crude oil information website Oilprice believes that under the current geopolitical situation, expectations of a sharp rise in international oil prices are normal, but most of these expectations remain at the hypothetical level, because almost no one believes that Iran will really go all the way to the black—— Block the sea throat of the Strait of Hormuz.
In the international market, U.S. tarpaulin oil closed mixed, because despite strong demand, U.S. crude oil and gasoline inventories unexpectedly incUS dollar US Department of Energy US crude oil inventories (June 15)reased, and traders weighed OPEC's possible increase in crude oil production to compensate for the possible reduction in Iran and Venezuela's crude oil supply The gap caused.
In July 205, Iran and the six Iranian nuclear powers reached an Iran nuclear agreement. According to the agreement, Iran promised to restrict its nuclear program and the international community lifted sanctions on Iran. In May 208, Trump unilaterally announced that the United States would withdraw from the Iran nuclear agreement and restart sanctions on Iran. On August 7, the first round of US economic sanctions against Iran came into effect, and on the 5th, the US oil sanctions against Iran will come into effect. On the 25th, Trump said in an interview: We are cooperating with countries that import Iranian crude oil, and will subsequently significantly reduce oil purchases. Previously, Trump asked other countries to ban the purchase of Iranian crude oil after April 4.
According to Bloomberg, after meeting with senior officials of the China Development Bank and the National Oil and Gas Group, Zerpa said that we have received more than US$500 million in direct investment funds from the China Development Bank to increase the oil production of the Venezuelan national oil company PDVSA.