Midday Crude Oil Analysis: Russian Energy facilities were attacked, causing oil prices to rise! What is the market worried about?
Despite the USA-mediated Energy ceasefire agreement coming into effect, Russian Energy infrastructure continues to be attacked by Drones, and Brent Crude Oil Product Futures prices continue to rise during the early trading session in Asia.....
The National Energy Administration: As of the end of February, the cumulative installed power generation capacity in the country reached 3.4 billion kilowatts, an increase of 14.5% year-on-year.
On March 20, the National Energy Administration released the national Electrical Utilities Statistics data for January and February.
Midday Crude Oil Analysis: With the easing of geopolitical tensions, will Crude Oil Product futures see a turnaround?
After Russia agreed to suspend attacks on Ukraine's Energy sector, Brent Crude Oil Product Futures fell during the early trading session in Asia.
A summary of what Trump and Putin talked about during their phone conversation? The Kremlin and the White House released a transcript of the discussion.
On the 18th local time, Russian President Putin had a phone call with US President Trump.
Trump once again pressures Iran through the Houthis' attacks, causing a short-term spike in international oil prices.
① The President of the USA, Trump, stated that any further attacks or reprisals by the Houthi armed group will be met with strong retaliation, and the USA will also hold Iran accountable for any future attacks by the Houthi armed group; ② As a result of this news, international oil prices surged in the short term, and Trump has reimposed "maximum pressure" on Iran, aiming to reduce Iran's oil exports.
Blame everything on Trump! Goldman Sachs lowers oil price expectations: The softening of the USA economy drags down Crude Oil Product demand.
Goldman Sachs expects this year's Brent crude oil prices to be between 65 and 80 dollars per barrel, possibly declining further to 68 dollars per barrel next year, and has revised down the economic outlook for the USA and the Global oil demand growth forecast.