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At seven o'clock in the evening of Iraq time, all eyes of the world were focused on the major oil exporters of the Middle East, Saudi Arabia, Kuwait and Iran. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ≦≧

Now, the price of oil has just fallen, they have not yet tasted the benefits of low oil prices, and oil prices are going to change again, what will happen to oil prices?

By now, everyone expected that the Saudi-led increase in production and price reduction would probably not be implemented, and that oil prices could remain at the current level of $30 a barrel, which was okay, even if it rose slightly, it was acceptable.

Those investors with a keen sense of smell, those investors who have just withdrawn from the oil futures market, feel very sorry for their withdrawal, they are all throwing out at a loss, but now, it seems that there must be a profit!

It's just that few people have thrown out all the oil futures in the market now, and they want to buy them, but they don't know where to start, so they have to watch the changes in oil prices.

At eight o'clock in the evening of that day, the Saudi oil minister reluctantly issued a statement, like a thunderbolt from the sky, alarming the world. ≦≧

"I'm very sorry, our Saudi Arabia's oil production plan, encountered unimaginable difficulties, now, 84 years is about to pass, we in this year, all the oil well facilities, should be overhauled, replace aging components, but now, because we are instead producing at full speed, resulting in a variety of problems in the wells, in order to ensure safe production, Saudi Arabia's oil platform, will be overhauled and maintained in batches, is expected to last half a month. We in Saudi Arabia will do our best to maintain the current oil production and ensure sufficient oil supply. After listening to the words of the Saudi oil minister, everyone in front of the television had an urge to pull out the man wrapped in a robe and beat him up.

It was Saudi Arabia that said it was going to increase production, and now, other oil-producing countries have problems, and Saudi Arabia has problems with them. Isn't this intended to look good for all the world's oil-importing countries?

Within five minutes of the announcement, the U.S. ambassador to Kuwait had an urgent meeting with the emir, hoping that Kuwait would work to increase oil production. Help get through these days of danger.

Kuwait accepted the request very calmly and promised to continue to increase oil production, but. ≦≧ Kuwait's crude oil production capacity is limited, even if it increases production, it cannot make up for the gap in Saudi Arabia's oil, among OPEC members, the first major oil exporter is Saudi Arabia, the second largest oil exporter is Iran, and the fifth round is Kuwait, Kuwait's production is a quarter of Saudi Arabia's.

And at this time, another bombshell. Finally made in Iraq, Iraq's oil minister issued a sternly worded speech, expressing great dissatisfaction with the OPEC members' wanton increase in crude oil production, resulting in a drop in oil prices, which will seriously affect the oil revenues of the members. Increasing the production of crude oil to increase one's own income is simply killing the chicken, especially now that the price of oil has fallen to the floor price of thirty dollars a barrel, within a few days. It has caused a loss of nearly 10 million US dollars in oil exports to Iraq, which Iraq absolutely cannot tolerate!

Iraq's unequivocal opposition to the increase in crude oil production and its tough stance have shaken the world completely.

If in the past, Iraq would not have caused much shock in the world if he had made such remarks, but now it is different, because Iraq occupies the province of Khuzestan, which is rich in oil resources, and also has many offshore drilling platforms, and now, Iraq's total oil reserves and oil production are only less than one-fifth lower than that of Saudi Arabia. ≦≧

Iraq's attitude is very strong, this is a contradiction within the OPEC member states, Saudi Arabia actually does not produce according to OPEC quotas, greatly increases oil production, and helps the world lower oil prices, isn't this digging its own grave?

After hearing the final voice of Iraq, the international crude oil futures market began to rise all the way.

The U.S. ambassador to Iraq received a mission from the U.S. side to urgently ask to meet President Qusayi of Iraq, but was told that President Qusay was not in Baghdad and was said to have gone to Basra!

He then went to meet with Iraq's oil minister, and after Hekmat's promotion to deputy prime minister and finance minister, Qusai promoted Ubaidi al-Rashid as the new oil minister, Ubaidi was a local government member of Qusay's time in the Southern Military District, who had just liberated Abadan and was responsible for the reopening and production of the Abadan refinery, working under the direction of Tariq and Hekmat, and gradually stood out, when Tariq and Hekmat began to perform more other tasks, Ubaidi began to take on all the tasks of the Abadan refinery, and did very well. ≦≧ later, after Iraq occupied Khuzestan province, Qusai reused Ubaidi to manage the oil field facilities there, and after Hekmat vacated the position of oil minister, Qusai finally promoted Ubaidi to the important position of oil minister. At this time, Ubaidi had been in office for less than two months, and the US ambassador to Iraq, Brightman, was not familiar with him.

After Brightman explained his intentions, sure enough, Minister Ubaidi simply said that these things were set by President Qusay himself, because the reduction of oil production will seriously hurt Iraq's oil export interests, Iraq will definitely not increase oil production, it would be good to be able to maintain the current production, and Iraq plans to give them a short vacation in the next one or two days, at the strong request of the oil workers, between two and five days.

Brightman cursed the new oil minister as he waited for President Qusay to return to Baghdad as soon as possible. However, he did not wait for this opportunity.

President Qusay did not return that night, and the next day, did not return.

At this time, the price of crude oil in the international market began to climb all the way, and soon approached 55 US dollars, which has exceeded the level before the price reduction. ≦≧

Because, at present, the crude oil reserves of all importing countries are very small.

The reason is very simple, because the international oil price has been declining, buy up or not buy down, this investment method, is a universal truth, oil prices fall, no one will reserve more crude oil, today at the price of 35 US dollars to reserve crude oil, tomorrow to 30 US dollars, then, today the extra five US dollars, even if it is a waste.

Therefore, when international oil prices fall, all countries have reduced their crude oil inventories to varying degrees, and it is a very good idea to wait for oil prices to fall and then increase their crude oil inventories, especially for some handlers, who can make a good profit.

And the United States doesn't care about this, but the key thing is that now the United States' strategic crude oil reserves are going through an adjustment period, and their reserves have decreased.

Now, the only one who can solve this crisis is Iraq, as long as Iraq increases crude oil production and fills the gap, then oil prices will not be too high!

In order to deal with this crisis, the United States has held urgent consultations, and the result of the discussion is that it is necessary to increase Iraq's crude oil production!

At the same time, the fluctuation of oil prices this time is so unusual that the US side has begun to investigate what special problems there are.

When Qusay arrived in Basra, he felt angry.

Zubayr, north of Basra, is Iraq's main industrial base, including the military aircraft industry, including two F-20 and Mirage 4000 production lines, and a large number of other weapons industries, which is a key area for the Iraqi armed forces.

The United States imposed an arms embargo on Iraq, the F-20 project was greatly affected, Iraq's production line, which can produce most of the parts, has also begun to gradually increase the self-production of raw materials and imports from other countries, reducing dependence on the United States, but there is no substitute for avionics, one of the key points of the aircraft.

Fortunately, before the United States terminated the contract, Iraq had stored a batch of them, which could be used for emergency purposes for the time being, and the production line was still producing slowly and orderly.

However, the Super 7 project in cooperation with the major powers in the East has completely stalled, and Iraq naturally has to give priority to ensuring the production of its own fighter planes, which can only be blamed on the United States for being too ruthless.

Now that the conflict with Israel is over, according to the agreement, the United States should resume the supply of spare parts for F-20 fighters, especially avionics, allowing Iraq to resume normal production.

However, unexpectedly, the Americans are shirking for various reasons, and so far, no parts have been shipped, and after the 44th F-20 fighter plane has been assembled on the production line in Iraq, it is time to wait for parts.

On the production line, there were no technicians sent by the American side again.

"We have been working hard to improve the level of localization of our aircraft, now, in addition to titanium alloy parts need to be imported, the rest of us are able to produce ourselves, we have established our own manufacturers of supporting production parts, but, for the avionics of the aircraft, we do not have the technology to reach now, the four sets of avionics in stock have been installed on the newly assembled fighters, so we can no longer carry out new production." Farug Faisal said to Qusay.

"Didn't the U.S. side ship the equipment to us according to the contract?" Qusay asked.

"Yes, the U.S. side said that Congress is re-examining this arms sale to us."

The Americans crossed the river and demolished the bridge and agreed to lift the arms embargo, but they were afraid of the strength of the Iraqi military, so they began to use their hands and feet.

"President Qusay, the U.S. ambassador has come to Basra and would like to see you, there is an emergency." A secretary said.

The American ambassador is coming? It came at the right time!