OPEC freeze production agreement useless oil prices eventually see inventory-下北glory days

OPEC freeze production agreement useless oil prices look at the end of the inventory of hot money flows to thousands of shares of the stock of the latest diagnosis of the latest rating simulation trading client We want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! Original title: OPEC frozen production agreement useless oil price fluctuations eventually see the inventory has already been frozen even if OPEC production agreement in November can be successfully achieved, but with high inventory of crude oil has serious global excess still more personnel than work available. In September 28th, OPEC reached the start agreement, decided to group the output of objective setting in the 3250-3300 million barrels a day interval. But the OPEC performance data, even to consider the lower limit of the 32 million 500 thousand barrels per day, nearly not in the next year of the super high inventories have no effect. Now the global crude oil oversupply situation has been more than 3 years, while reduce the further expansion of production to help stop the oil production, but even according to the capacity limit calculation, next year can only reduce the relative pay 5 year average inventory level, excess inventory Department 11[%]. The lower limit is only slightly below the 2017 demand.   Societe Generale oil research director in the mail forecast said: "if OPEC does not accept the next action to reduce crude oil inventories, the price of kerosene SG next year is expected to be low", previously, Societe Generale on three quarter of 2017 price forecast effect is: $55 a barrel of Brent crude oil and WTI crude oil to $53.50 a barrel. Although the production in September reached an agreement to freeze, but there is no detailed planning or limiting production mechanism, implementation details, until November this year OPEC Technical Committee (not yet established) after the study in order to decide how long and how to implement limiting production, distribution of production mission, it will be a difficult task. Prior to Wall Street knowledge mentioned: the allocation of quotas is not easy to cut. OPEC members of production figures have two words, this is the next step in the signal for example. After media reports, the Iraqi production requirements into the exemption list, but OPEC is not exempt from Iraq probably served as wide from the agreement to allow the country only Libya, Nigeria, Iran. Now there is a broad view that only Libya, Nigeria and Iran should be exempted.   to deal with the price of oil itself, the cost of crude oil is now $50 on the condition that the market believes that OPEC will be successful in November to implement this strategy. Prior to Wall Street knowledge mentioned, if the OPEC to the time can not really reduce its crude oil to the international market, then the price is likely to fall to $45 barrel level. Moreover, if OPEC outside the oil producing countries can not be frozen, the price of oil is still facing the risk of re collapse. Russian energy minister Alexander? "On Monday," Novak said after talks with OPEC officials in Vienna相关的主题文章: