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Home Đời sống Giải trí

Great Game…

2 years ago
in Giải trí
Great Game…

Assalam O Alikum Great game .

LIÊN QUAN

Làm thế nào để chọn một trang web cá cược phù hợp?

4 Lời khuyên để giành chiến thắng khi cá cược bóng đá

Xu hướng chơi game casino online, Tại sao? Lợi ích

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the real story begins after May because of the decline in Oil consumption and an increase in production d ue to the pandemic for the first time in the history of the world, in international market Oil has a negative price i.

e.

Oil is now less valuable than toilet paper since last month because of this historic decline in Oil refineries and retail industries globally approximately 50 million jobs are likely to be lost the effects of the price drop the global supply chain of Oil and the other power sectors will affect them all negatively the Oil market has crashed, prompting the oil producing companies are forced to rent tankers to store surplus Oil and then benchmark of American oil companies, West Texas Intermediate according to it (WTI), the Oil price is at an all time low of -37.

63 per barrel according to US Oil companies benchmark WTI, the crude oil being purchases in the current year for June is very low and on Monday, on the International market it's business was at 20 dollars per barrel where as the price setter for Europe and the rest of the world Brent crude was also noticed a decline of 8.

9% and it's trade in the international market was for less than 26 dollars per barrel now one reason for this is that Oil is traded based on it's future projected price options for the future and May contracts are expiring on tuesday this is what's happeinng, now the Oil companies want to transfer the Oil bought under these contracts want to hand over the Oil to the concerned countries so that don't have to pay extra for it's storage but the conditions are worsening because no country has the infrastructure in place to store oil more than it's needs but the Oil is coming constantly but is not being consumed because of the lockdown in countries Oil producing companies in the US and Canada are winding up their operations the decline in Oil demand on an international scale for the Oil industry and among the Oil producing countrie s there are strong disagreements on cutting it's production if you remember in the start of April OPEC which includes Saudi Arabia and it's allies agreed on a deal to cut production by 10% in the global production and this deal was the largest cut in Oil production even agree upon but the cut in Oil production was not so high to affect the industry and the international market is coming to realise that the agreement of the OPEC countries with the existing terms will not be enough to stabilise the Oil markets oil producing OPEC countries and allies like Russia have agreed to cut oil production to a record low the US and other countries agreed to cut oil production from a business standpoint but globally the supply of crude oil is more than the oil consumption and the problem is not whether we can use this oil or not but it's storage is becoming a huge problem can surplus oil be stored till the lockdowns across the world because of the pandemic can be relaxed and there is an increased demand in oil products globally the oil reserves are refilling both in land and sea and if this trend continues then oil prices are likely to fall even lower in the international market, change in oil price depends on the demand and it depends on what the conditions are after the health crisis and fears are constantly increasing that oil storage facilities in the US will end completely since the start of March the oil storage in the US has increased by 50% so what happens now now Oil production in many areas will cease completely loss of investment will further hit this industry refineries will be under a lot of pressure and problems will be complicated in many Oil exporting countries american shell, if the current crisis stays for many months then in the non-OPEC countries Oil production will decline further and outright stop in many places and not only this OPEC countries that don't have a sizeable refinery industry and don't have strong contracts with Oil purchasing countries then they will be the losers these countries include Angola, Nigeria and Iraq while Saudi Arabia looks to be safe because it has a sizeable deal with a large Oil importing country like China the US shell industry, North sea offshore sector and Canadian oil and gas sectors are likely to be bankrupt now the real story is who will s urvive in the unstable market only those who have the strength or capability to invest in the situation and those who will invest even in the negative oil market only they will succeed what happens in the energy industry in the next six months will drastically change the world are great change is expected similar to how small businesses have been ruined by the pandemic, in the energy markets the story is fast approaching towards survival of the fittest whoever invests in the market in these conditions they will have assets, shares and wealth but in the oil markets the great game has begun and it is said that Saudi Arabia, Russia and China can reap much benefits from this and on the other hand with low oil prices and high production only those companies and countries can benefit who have the capacity and capability to store more oil i.

e.

in the present market only those who have more storage will win on the shores and the seas in the last months tried the hardest to store oil in the energy market traders were seen booking floating storage and kept going everywhere for them, charter prices for super tankers are sky high the price of storage is increasing exponentially, and China can get ahead because not only does China have oil refineries but China also has the capability to make oil storage units within days a country that can make a hospital in 6 days, will not find this much difficult a hike in oil production, decrease in prices and no consumption is a difficult situation, which has left other oil producing countries, and their affiliated industries are worried but this is a game of nerves like i already told you earlier that smaller companies can go bankrupt in these conditions but the real match is between the big players countries like the US will not want market shareholding to go to countries like Saudi Arabia, Russian and China and it's possible that states will start buying private companies, let's see what happens on the one hand all the countries are busy fighting a war against the pandmic in their own borders and on the other hand the oil war is also now begun but this war is different from the wars of the past let's see who wins and who loses and who makes the wrong decisions in shock the real story will begin in May like i told you earlier keep watching this channel, subscribe and press the bell icon please share this video and give your opinion in the comments until the next time, Allah Hafiz.

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