The U.S. crude oil pipeline has more than 50 years of history

The U.S. crude oil pipeline has more than 50 years of history
By Crude oil trend

The U.S. crude oil pipeline has more than 50 years of history

According to statistics from the General Administration of Customs, in the first seven months of this year, my country’s imports of crude oil, natural gas and other products increased, of which 600 million tons of crude oil was imported, an increase of 6%, and the average import price was 29 yuan per ton, an increase of 2%; coal was 7.5 billion Tons, an increase of 5%, the average import price was 564 yuan per ton, down 4%; natural gas was 4.94 million tons, an increase of %, and the average import price rose by %. Affected by the increaseThe U.S. crude oil pipeline has more than 50 years of history in price and volume, my country's natural gas imports have increased significantly this year. In addition, the import volume of refined oil in the first July was 950,000 tons, an increase of 2%, and the average import price rose by 5%.

As the world's third largest country in terms of crude oil reserves, the world only focuses its attention on OPEC, Russia and the United States. The reason is that the Canadian crude oil transportation costs are too high, and the Trans-Mountain Oil Pipeline plays a major role in activating the Canadian crude oil market. After the pipeline expansion, Canada began to have enough crude oil transportation capacity. The construction of crude oil pipelines to ports also gives Canada the ability to export crude oil directly to Asia.

Oil prices continued to fall on Monday. US oil WTI fell more than% in the morning of the Asian market, reaching a minimum of US$68/barrel; cloth oil fell 2%, with a minimum offer of US$755/barrel. After entering the U.S. trading session, the decline in oil prices narrowed slightly. WTI returned to $66/barrel, falling more than 2% in the day, and the oil returned to $75/barrel, falling nearly 6% in the day.

Sharma said that if the government really decides to ban imports of Iranian oil, we will follow this decision. Finding alternative sources of supply will not be a problem. There are many sources of supply in the global oil market. Some Indian officials said that as the demand for crude oil increases, India may import more crude oil from the United States, and the United States can become an important crude oil supplier to India.

The U.S. Energy Information Administration said on the 24th that although the refinery increased production significantly before the summer driving season, the increase in imports prompted US commercial crude oil inventories to increase by 5.49 million barrels last week, reaching a high of 60.6 billion barrels since October 207.

So in general, the focus of the market this week is on Trump. Any recent move by Trump may cause an uproar on an international scale, whether it is the relationship with Russia or the further development ofThe U.S. crude oil pipeline has more than 50 years of history Syria. To combat, Trump's actions are worthy of investors' attention.

It is best for the stable person to keep short positions before the data every time. Do not take the forecast data for granted. Doing this is purely a gambling. After the general data comes out, wait and see to prevent the data from attracting more or shorting, so don't go blindly With the data, we still have to gather specific technical levels to analyze. The first tan would rather miss it, and don’t have a sweeping order or a quilt cover. The second wave of quotations can be bold to make orders. It is not anxious to make orders. Generally, big data There are at least two waves of quotations, you must know that opportunities are always waiting!

However, Ecuador, Iran, Iraq and other countries are cautious about reducing production. The Minister of Energy of Ecuador said at the meeting that he hopes to maintain the current production quota ratio. Iran also stated that since the US oil sanctions on Iran have not yet ended, we must be excluded from the production reduction agreement. As OPEC's second-largest oil producer, Iraq does not oppose production cuts, but it also requires exemptions.