Chapter 1997: OPEC's Troubles

In the international crude oil market, there was a sudden fluctuation of strange fluctuations, when there was no major fluctuation in international crude oil production, and the factors affecting international crude oil production did not change, people were surprised to find that during this period of time, the price and trading volume of the international crude oil market were declining at a very slow rate.

It is said that this kind of impact is not large, and the daily trading volume is only tens of thousands of barrels and hundreds of thousands of barrels, compared with the total amount of crude oil traded every day in the international crude oil market, it is really a drop in the bucket, but when this abnormal situation appeared, it suddenly attracted the attention of people with a heart...... In the face of matters related to their own vital interests, stakeholders will never be careless.

Clues soon followed: in the international crude oil market, there was a mysterious seller who sold high-quality light crude oil at a price of $5 per barrel lower than the normal oil price

Not only that, but more and more buyers have begun to take interest in this seemingly brainless seller, and contact this mysterious seller through various channels, in order to get low-cost and high-quality crude oil from this mysterious spoiler to fill their purses...... If it were possible, it would be best to take all the crude oil in his hands with him.

With such a high quality of crude oil being 5 times lower than the price of the same quality crude oil on the international market, it is no wonder that the amount of crude oil that is normally traded has dropped slightly...... Or some people say that $5 per barrel is actually nothing, but the international crude oil market sells tens of millions of barrels of crude oil every day? This mysterious sale of crude oil has now reached more than 100,000 barrels per day, which is really a drop in the bucket compared to the daily supply in the international crude oil market.

Even at 100,000 barrels per day, oil companies that buy reserve oil from this mystery buyer can make an additional $500,000 a day, which if this continues on a daily basis, which means a profit of $200 million a year

With a profit of 200 million US dollars, how much profit can you make after a year of hard work? In this way, it is no wonder that everyone is now starting to inquire about the news of this mysterious seller.

For example, the price of a barrel of crude oil in the international crude oil market is $87.65, which refers to the price of high-quality light crude oil, and the price of inferior crude oil exported from other countries is less than $40 per barrel.

By the way, the crude oil imported by the Celestial Empire from abroad is basically this kind of low-cost and low-quality crude oil with high refining costs, and when it quoted to the state according to the high-quality Brent light crude oil, the already relatively high smelting cost of this inferior crude oil has increased a lot......

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The members of the OPEC organization had heavy faces one by one.

OPEC, also known as the Organization of the Petroleum Exporting Countries, was established to coordinate and unify the oil policies of member countries, safeguard their respective and common interests, and aim to ensure the stability of oil prices in the international oil market by eliminating harmful and unnecessary price fluctuations, ensuring that all member countries can obtain stable oil revenues under any circumstances, and providing sufficient, economical and long-term oil supply for oil consuming countries. The purpose of OPEC's headquarters in Vienna is to coordinate and unify the oil policies of its member countries and to determine the most appropriate means to safeguard their individual and common interests.

So far, OPEC has 11 member countries, namely Saudi Arabia, Iraq, Iran, Kuwait, the United Arab Emirates, Qatar, Libya, Nigeria, Algeria, Indonesia and Venezuela, covering almost more than 70% of the world's oil production.

If you take it literally, OPEC is an organization of the Petroleum Exporting Countries that was born to coordinate its own interests, but a very interesting fact is that among the 11 members of OPEC, Saudi Arabia, the United Arab Emirates, Qatar and Kuwait, these four countries, can be regarded as loyal doglegs of the Americans, and for the other seven countries, the Americans have been sparing no effort to control them, which also means that in the internal affairs of the OPEC organization, Americans have a fair voice. …,

In any case, OPEC still nominally serves the interests of these 11 oil-exporting countries, and at this moment, the representatives of these countries are frowning one by one.

The reason for their sad faces is not because of anything else, but because of the mysterious seller who has recently emerged on the international crude oil market. This bastard makes everyone feel confused.

Speaking from the heart, the international crude oil market has more than 100,000 barrels of crude oil per day or less than 100,000 barrels of crude oil, which is actually nothing to these super-rich people who don't know how to spend it with a lot of money, even if that guy can get 300,000 barrels of crude oil shipped per day, the impact on these super-rich people is not very great.

But you can't look at it that way, this time it's different, because it means a very dangerous signal, because until now, no matter how much they have tried to investigate this mysterious oil seller, which OPEC has not investigated until now, but so far, nothing has been found.

A mysterious oil seller who is not known by OPEC, this result is really terrifying.

"Recently, the Organization of the Petroleum Exporting Countries (OPEC) crude oil price action has continued to be weak. According to data released by the OPEC Secretariat on the 7th, the average price of the OPEC market-supervised crude oil basket showed a downward trend in the first week of this month, falling to $8,470 per barrel. The decline in the OPEC weekly average oil price began in mid-March this year, and OPEC oil prices continued to decline for the next seven weeks, only recovering in the last week of April, but only up $0.01 from the previous week. During this period, the OPEC weekly average oil price fell by 6.54 percentage points. Speaking of this, Adnan Shihab-Eldin, secretary general of the OPEC secretariat, who spoke, said with a worried face, "Based on the current situation, we have reason to believe that a considerable part of these situations are caused by the emergence of this mysterious seller in the international crude oil market, and the uncertain economic prospects in Europe and the United States have aggravated the international oil market's worries about the slowdown of the world economy and the decline in global crude oil demand." ”

Yes, the uncertainty of the economic outlook in Europe and the United States has aggravated international concerns about the slowdown of the world economy and the decline in global crude oil demand. Especially as the world's largest consumer of crude oil, the United States recently released a series of economic data that were not as expected. The U.S. non-farm payrolls report for April released on the 5th showed that the U.S. non-farm payrolls increased by 115,000 in April, much lower than the previous market expectations. A prolonged high unemployment rate means fewer people in the U.S. drive to work or travel, which is the main reason for the decline in U.S. crude oil demand.

According to data released by the U.S. Department of Energy on the 2nd, U.S. crude oil reserves have increased to the highest level in nearly 20 years, indicating that the U.S. market has sufficient crude oil supply.

At the same time, the world's crude oil supply remains abundant. According to a survey released by the French Reuters news agency a few days ago, OPEC's crude oil production in April this year reached an average of 28.75 million barrels per day, the highest level since 2005. While Iran's crude exports have fallen significantly due to EU sanctions, Saudi Arabia's crude oil production has increased to an average of 10 million barrels per day in recent months.

In addition, the Iranian nuclear issue is likely to continue to maintain a détente before a new round of negotiations between Iran and the six countries on the 23rd, which will also make it difficult for the Iranian nuclear issue to become a hot spot of geopolitical speculation in the international oil market for the time being.

The supply is abundant, but the uncertainty of world economic growth is increasing, leading to increased market concerns about the growth of crude oil demand. This basic situation is likely to continue to affect the international crude oil market for some time to come, and coupled with this mysterious crude oil shipper, it is no wonder that these OPEC super-rich people are worried and can no longer sit still.

"Damn it, can't we catch this damn thief and spoiler?" Saudi Arabia's oil minister and a member of the Saudi royal family, Abdullah. Badri cursed angrily, "Is there a problem in this world that can't be solved with money?" Hell, if 100 million can't be solved, we can't solve it with 200 million or 200 million, we will use 400 million as long as we can find out this damn spoiler, what is the money? ”

Yes, in the eyes of these super-rich people who have a headache for spending money, as long as there is a problem that can be solved with money, it has never been a problem in this world. And how rich are these super-rich who hold the lifeblood of the world's oil? An example may illustrate this point: when China's European property speculation groups rushed to the UK and began to organize groups to buy houses one by one, and were complacent about their actions, thinking that they had won glory for the country, these super oil tycoons, who held the lifeblood of oil, carelessly took out their checkbooks and bought houses street by street when they bought houses in the UK...,

It is precisely because of this that it is no wonder that Mr. Oil, who was born in the Saudi royal family, is so angry. Because this matter is almost completely contrary to the common sense he knows: hell, there are still problems in this world that cannot be solved with money?

"I think Prince Abdullah, you probably forgot a little bit, since even the powerful CIA hasn't found the whole guy until now, do you think the power of your money is even greater than the mysterious CIA?" Iran has always been very unaccustomed to Saudi Arabia, a traitor to the Arabs, so at this moment, after hearing that Abdullah. After Badri's complaining words, the representative of Iran spoke sarcastically.

"You ......" Abdullah. How could Badri not understand the meaning of the Iranian representative's words, and suddenly glared angrily at the Iranian representative

The representative of Iran glared back unceremoniously: everyone is a representative of OPEC member countries, and we Iran are much better than you Americans, right? Quite a few words in front of us freedom fighters, what qualifications do you guys who only deserve to eat in front of the Americans have the right to be arrogant?

"Alright, don't quarrel with the two of you," saw Abdullah. The representatives of Badri and Iran were about to quarrel again, and the Secretary General of the OPEC Secretariat, Adnan Shihab-Eldin, suddenly had a headache, and at this moment, for these two who quarreled and looked at each other unpleasantly at any time and place, Adnan Shihab-Eldin, Secretary General of the OPEC Secretariat, finally couldn't hold back, "I said two, the World Petroleum Conference is about to be held, if this problem cannot be solved before the oil conference is held, Do you all want to be seen by the whole world as our OPEC jokes? ”。

The World Petroleum Congress is an international petroleum representative body, a non-governmental, non-profit international petroleum organization, and is recognized as the world's authoritative petroleum science and technology forum. It was established in London in August 1933 and held every four years, after the 14th General Assembly every three years. The purpose of the activities, which had been suspended during the Second World War but resumed in 1951, was to strengthen the management of the world's petroleum resources for the benefit of mankind and to continuously promote the application of advanced petroleum science and technology by the world petroleum industry and the study of related economic, financial and management issues; To promote and promote the development of petroleum science and technology worldwide; strengthening cooperation among Member States; To provide a worldwide forum for the exchange of information and discussion of research among petroleum scientists, managers and administrators. As of September 2001, 59 major oil-producing and oil-consuming countries had joined the organization, representing more than 90 per cent of the world's major oil and gas producers and consumers.

The 18th World Petroleum Congress was held in Doha on the 5th of this month local time and will conclude on the 8th. Attendees included energy or oil ministers from 35 countries and executives from 500 of the world's leading energy companies.

If OPEC is not able to give an explanation and give everyone a satisfactory answer to the mysterious oil buyer who has recently emerged, OPEC will become a big laughing stock at the 18th World Petroleum Congress, which is obviously not what Adnan Shihab-Eldin, secretary general of the OPEC secretariat, wants to see.

As a member of OPEC, if the OPEC Secretariat Secretary-General Adnan Shihab-Eldin is joked at the World Petroleum Congress, it means that everyone is ugly in the world, which is undoubtedly not what the OPEC bigwigs want to see. Badri and the Iranian representative were not very convinced, but they chose to keep their mouths shut......