Short thread: As China reopens, oil prices may NOT increase!
1-4 Will oil prices increase as #China opens up?
a- It depends on how the increase in demand is met: If China uses the SPR that was built in recent weeks, then the impact on prices is limited.
#Oil #OOTT #COM #Rusia
1-4 Will oil prices increase as #China opens up?
a- It depends on how the increase in demand is met: If China uses the SPR that was built in recent weeks, then the impact on prices is limited.
#Oil #OOTT #COM #Rusia
2-4
b- If China increases imports, prices might increase as long as the imports are from countries other than Russia. If crude inventories start building up, Russian discounts will start affecting prices globally, especially if competition for market share in China heats up
b- If China increases imports, prices might increase as long as the imports are from countries other than Russia. If crude inventories start building up, Russian discounts will start affecting prices globally, especially if competition for market share in China heats up
3-4
c- The most likely scenario is a combination of all the above, leading to a very limited increase in prices.
d- In case of a recession in the US or EU or both, reopening in China will NOT increase oil prices.
#China #Russia #OIl #OOTT
c- The most likely scenario is a combination of all the above, leading to a very limited increase in prices.
d- In case of a recession in the US or EU or both, reopening in China will NOT increase oil prices.
#China #Russia #OIl #OOTT
4-4 If petroleum products exports from China & India go back to normal, they case ease global product shortages.
However, a prolonged heatwave in China & the Middle East would bring diesel & fuel oil prices to record highs.
The most bullish factor in the summer is the weather!
However, a prolonged heatwave in China & the Middle East would bring diesel & fuel oil prices to record highs.
The most bullish factor in the summer is the weather!
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