Chapter 201: General Lack of Oil

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Ryuichi Yamamoto frowned, forcibly suppressed the anger in his chest, and patiently read these pages, his face had become very gloomy. He pondered for a moment, and then asked Nakaichi Sato, who was standing respectfully on the side: "Sato-kun, do you mean that before Iraq invaded Kuwait, there were people who could have been in turmoil in the Middle East, so they were secretly buying a large amount of Middle East oil in August, September, and October?"

"Hai!" said Sato Zhongichi solemnly, "We have checked the records of the Shijie futures trading market in detail, and in the four months before the outbreak of Iraq's invasion of Kuwait, dozens of accounts had been buying oil at low prices, and the performance time of the contract was concentrated in August and September, and the share in October was smaller. These accounts have been only buying and not selling these days, and according to our incomplete statistics, at the current price of Shijie crude oil at $32 per barrel, the value of futures contracts held by these accounts is close to $20 billion. In addition, in the past few days, due to the turmoil in the Middle East, countries have purchased as much oil as possible for reserves. And everyone can't be sure. The subsequent performance of the contract by Kuwait Oil Company has resulted in a serious shortage of crude oil supply in the market......"

"How much? 20 billion dollars! Why are there so many?" Ryuichi Yamamoto cried out in surprise. $20 billion, even for Scomo Petroleum Co., Ltd., which ranks third in Japan's oil industry, is an extremely staggering amount.

"And, according to our estimates, the price of Shijie oil is likely to climb over the all-time record of $40 per barrel in the next three months. Now in the Shijie futures market, everyone only buys and does not sell, let alone the past three months, even the futures contracts in November are very few. Nakaichi Sato said with a frown.

Ryuichi Yamamoto gasped, he did not expect that the sudden invasion of Kuwait by Iraq would cause such an astonishing change in the price of Shijie crude oil in the market. Since the ceasefire in the Iran-Iraq war, although Iraq and Iran have not signed a peace treaty, Shijie countries generally believe that after eight years of fighting, whether it is Iran or Iraq, their national strength has reached the limit, and it is impossible for the two countries to hold on any longer, and since the ceasefire, Iraq and Iran have actively repaired their domestic oil industry, strengthened oil exports, exchanged for foreign exchange, and repaid the huge debts accumulated in the past eight years. This is also the main reason why the price of Shijie oil has continued to decline since the first half of this year. Therefore, Shijie is generally optimistic about the situation in the Middle East.

But Iraq's undeclared war. However, the situation in the Middle East has once again plunged into chaos. Although it is said that Iraq has occupied the entire territory of Kuwait, occupation does not mean real possession, and judging from the reaction of the international community, Iraq's act is severely condemned and demands that Iraq unconditionally withdraw from Kuwaiti territory and restore Kuwait's sovereign integrity. This means that it will take an extremely long time for Iraq to truly annex Kuwait. During this period, the United Nations is likely to impose severe economic sanctions on Iraq, not only Iraqi oil, but also Kuwaiti oil.

Although Iraq has the second largest oil reserves, the eight-year Iran-Iraq war has dealt an almost devastating blow to Iraq's oil production and exports. But Kuwait is different, it ranks fourth in terms of reserves, but it is an important supplier of oil in the Shijie oil market. If it can't export oil normally, for the Shijie oil market. But that's bad news!

Nakaichi Sato wiped the sweat from his cheeks, hunched his waist and said, "President, not only our company has been seriously affected, but also several major oil refining companies in my country have not been spared. As far as I know, Shikoku Shikoku Petroleum Co., Ltd., the president of Shikoku Petroleum Co., Ltd., is now so anxious that he is afraid that he will jump off the building!"

"Huh?weishenme?" asked Ryuichi Yamamoto in surprise. Shikoku Petroleum Co., Ltd., although the name of the company is Shikoku Petroleum, but the head office is in Tokyo, is Japan's sixth largest oil refining and sales company, has a long history, there are nearly 3,200 gas stations throughout Japan, and the total assets last year were about $15 billion. There is fierce competition with Scomo Petroleum throughout Japan.

"President, don't you know that Kuwait exports more than 60 percent of the crude oil of Shikoku Oil Co., Ltd., and now that Kuwait is occupied by Iraq, no one is sure whether the subsequent oil export contract will be fulfilled. And shijie oil market, now eighty-ninety-three months of oil, almost priceless, the president of Shushita, he just has a great ability, this is not enough crude oil, and it will not work. Nakaichi Sato squeezed his eyebrows and said, "And it's not just Shikoku Oil Co., Ltd., Nippon Oil Co., Ltd., and Mitsubishi Petroleum, all of which are worried about Kuwait's oil export share." ”

What is happiness, happiness is to watch others be more unlucky than yourself, this moment. Ryuichi Yamamoto deeply understood the meaning of this sentence. The gloomy face finally squeezed out a little smile and said: "Very good, it seems that Sato-kun's choice to import Saudi Arabia and UAE oil was correct!"

"That's not even under the wise guidance of you, president!" said Nakachi Sato, who was overjoyed, but wiped a handful of sweat in his heart. I finally let the president remember my own good.,It seems,This level,It's estimated that I can barely pass it.。

Ryuichi Yamamoto groaned for a long time, he was angry and angry, but he also understood that this matter really could not be blamed entirely on Sato Nakaichi, but that Iraq's smokescreen bombs were too good, and the gang was too desperate, and when everyone noticed the danger of the development of the situation, it was too late to remedy it. Otherwise, Japan's major oil refiners would not be in a dilemma of oil shortage. Now that everyone thinks that the development of events will further push up the price of oil, all those who have oil in their hands are also trying to cover it as much as possible, waiting for a more price. Even if you kick Nakazu Sato down one by one and replace it with someone else, it is impossible to do better than him in a short period of time. It is better to make him guilty and make meritorious deeds, which may stimulate his enthusiasm even more.

"Sato-kun, my country's oil resources are scarce, and oil basically has to be imported according to KAO. Although oil reserves have been built up from the state to the company, they are only used for emergencies. But it's not a long-term solution. You don't know the amount of oil reserves in the company, and if you can't get enough crude oil, then you won't be able to last long. Ryuichi Yamamoto stood up, patted Sato Zhongichi on the shoulder and said, "So, your task is very difficult, you have to do your best to buy crude oil for the company, go to China, go to Southeast Asia, go to South America, and even go to the guy who bought oil futures in advance." Don't be afraid to spend money! Whoever has more oil in his hands now will be able to occupy a larger Japanese market, and this is a war! Sato Zhongichi, I believe in your ability!" As long as the price of oil purchased by Sato Zhongichi is below the average of the purchase prices of many oil refiners in Japan, Ryuichi Yamamoto is not worried. Unlike Huaxia, the price of refined oil products in Japan is based on the market, and there is no need to wait for approval from a certain department. Therefore, the price list of gas stations in Japan also changes from time to time. Although the sudden increase in oil prices has forced Japanese refiners to pay more money to buy crude oil, the high oil prices in Japan will also ensure that Ryuichi Yamamoto and his team will never lose money even if they buy back the high-priced oil.

At this point, Ryuichi Yamamoto was thinking about more than just keeping the company's refining department running. Crises are sometimes opportunities. Japan's major oil refining companies are now generally facing the dilemma of insufficient raw materials, and if they can get enough oil to ensure the full supply of gas stations under the company's name, then it is a rare opportunity for Scomo Oil Company to expand its share of the Japanese market. Even if it is worth losing a portion of the profits.

"Hay, President, please rest assured, I will do my best to complete the task you have given me!"

A similar situation is playing out not only among Japanese oil refiners, but also in the United States and European countries. During this period, China was basically self-sufficient, and even exported a million tons of oil every year. In the United States, due to the supply of Canada and South American countries, the Middle East oil imports only account for a part of the total, so the pressure may be relatively dispersed, while Europe has North Sea oil and Eastern European oil, so compared to Japan, there is not such a strong sense of urgency.

But the fact that it is not so urgent does not mean that they do not have a sense of crisis, so for a while, representatives of major oil refining companies on Shijie have gone to major oil-producing countries to lobby them to increase oil production. to stabilize the price of oil. However, increasing oil production is not an easy task, and only OPEC member countries, which have already limited production, can quickly increase oil production, but now OPEC member countries have been overwhelmed by the Iraq-Kuwait war and have no intention of caring about this matter. Moreover, the rise in oil prices is also a good thing for OPEC members in the short term, which can make up for the financial losses caused by the continuous decline in oil prices in the first half of the year. And even if it is to restart those closed oil wells, it will take a while.

So on August 4, the price of Shijie crude oil continued to rise, and Zuihou closed at $38 per barrel, approaching the highest point of historical crude oil prices......