Chapter 1999: Wrong Idea

(One more arrives)

It can be said that with the series of pessimistic statements made by OPEC, the US Energy Information Administration, the International Energy Agency and Goldman Sachs, the international oil prices fell in response, and at the same time, the assurances made by the Secretary General of the OPEC Secretariat, Adnan Shihab-Eldin, in his previous speech have become bubbles in the air.

International crude oil fell in response, not just by falling some prices, but by a series of linkage reactions, which is the most fatal.

Because it proves one thing: the mysterious and sacred seller of high-quality crude oil that everyone has so far no idea where it came from, and whose background is so deep that even the Organization of the Petroleum Exporting Countries, which has the backing of the United States, cannot find out where he came from.

Even the Organization of the Petroleum Exporting Countries and the Americans can't find out where this guy came from? Can't find out where this guy's crude oil came from? God, could there be anything more terrible than this? After hearing the news, those world-famous energy companies naturally began to make their own calculations: since even the Organization of the Petroleum Exporting Countries and the Americans cannot find the trace of this guy, then one thing is for sure, in the future, this guy can stably supply this high-quality and low-cost crude oil to the market, since this is the case...... Doesn't that mean you can earn more money?

Moreover, that guy has supplied the market from tens of thousands of barrels of crude oil per day, and now it has reached more than 300,000 barrels per day, although compared with the supply of tens of millions of barrels of crude oil per day in the international market, this figure can only be regarded as a drop in the bucket, but as long as this mysterious guy has now caused a huge impact on the international crude oil market, if his crude oil supply can reach 500,000 barrels per day...... This guy is qualified to be a significant force in the international crude oil market, even from the beginning to the present, this guy has played the role of a qualified spoiler.

Capitalists, who have never been at odds with money, were moved by the fact that this mysterious seller could supply the international crude oil market stably for at least half a year. It's just that to the great frustration of these capitalists, unless it is the mysterious guy's people who come to them on their own initiative, no matter how hard they try, they will not be able to find this guy.

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Just when everyone was ambitiously preparing to make a move because of this catfish that appeared in the international crude oil market, a news came out of the international crude oil market in mid-December that made everyone stop what they were doing: Abdullah, the oil minister of Saudi Arabia and a member of the Saudi Arabian royal family. "The Organization of the Petroleum Exporting Countries (OPEC) has agreed to raise its oil production cap by 2 million barrels per day (bpd) by 8.5 from January 1, 2007, and then another 500,000 barrels from March 1,2007," Badri said. So far, OPEC members have agreed on an organization-wide cap on 30 million barrels per day of oil production. ”

Interestingly, the plan, which has been confirmed by other oil ministers, was developed by member ministers in a closed-door meeting before the formal meeting, and appears to be a compromise between Saudi Arabia and members such as Libya and Iran, which oppose the Saudi Arabia-backed proposal to increase production by 2.5 million barrels.

This was led by Saudi Arabia's Minister of Oil, Abdullah. The news released by Badri has aroused great interest among the international oil giants who have suffered losses due to the release of low-price and high-quality crude oil by the mysterious seller, because once OPEC decides to increase production, whether it is by 2 million barrels per day or 2.5 million barrels of crude oil, then it will greatly dilute the impact of that damn bastard on the international crude oil market...... At the same time, it can also reduce the damage caused to yourself.

There is no doubt that this is the further countermeasure taken by OPEC and the United States, which stands behind OPEC, after discovering that the previous methods no longer have a way to deal with the mysterious seller.

What is even more interesting to the international oil giants is that the road. Jones, citing OPEC sources familiar with the matter, said, "The main obstacle that currently plagues OPEC's crude oil production increase plan is that although the organization has agreed on a daily production cap, members have not yet reached a consensus on quotas." ”…,

Interestingly, other ministerial-level officials, including OPEC Chairman Yusgiantoro, were quick to refute this claim, despite Kuwaiti Oil Minister Sheikh Ahmad Fahad Al-Ahmad Al-Sabah saying that OPEC would introduce a new target price range of $90 to $93 per barrel. OPEC President Yusgiantoro has not been very firm, and he and Iran's oil minister, Bijan Namdar Zangeneh, said that there would be discussions on changing the target price range on Friday, while Venezuelan oil minister Rafael Ramirez said that a decision on the issue would be made in September...... The market had been expecting OPEC to increase production by 2.5 million barrels at once, which has not yet been formally approved.

While OPEC Chairman Yusgiantoro has repeatedly said that even if the plan is passed, it is certain that the increase is essentially symbolic and not a long-term move, as the increase is nothing more than legitimizing OPEC members' production beyond the 2.5 million barrel cap.

And the market may not feel that oil has indeed increased, because the members of the organization in the Persian Gulf say that they have unilaterally implemented plans to increase actual production by 1 million barrels in June, but the fact is that it is almost impossible to reduce production again after OPEC decides to temporarily increase OPEC production...... After the market has become accustomed to new production, if OPEC

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