Newsletter summary
Oil prices may rise steadily before the peak season, affected by OPEC+ production cuts and a decline in geo-risk premiums. Us crude oil production is stable, crude oil inventories are down, WTI is up slightly, and oil prices are down. The daily processing volume of oil refineries in the United States is rising, gasoline stocks are rising, and natural gas stocks are rising. It is suggested to pay attention to the central oil enterprises and theirRouletteslotsThe main line of his investment in energy. Risk tips include geopolitics and so on.
Text of news flash
Oil prices may rise steadily due to geopolitical risks and expectations of OPEC+ production cuts. During the May Day holiday, Hamas negotiated a cease-fire with Israel, the oil price risk premium fell, WTI and cloth oil prices diverged slightly after May Day, and oil prices are expected to rise steadily before the peak season. ] the dollar index rose, crude oil and natural gas prices fluctuated [as of May 10, the dollar index recorded 105Rouletteslots.33, the ratio of cycle to cycle increased by 0Rouletteslots.27 percentage points. Over the same period, Brent crude oil futures settled at $82.79 per barrel, down 0.20% from the previous week.RouletteslotsWTI futures settled at $78.26 per barrel, up 0.19% from the previous week. The CIF price of LNG in Northeast Asia rose to US $10.81 per million British heat, up 3.72 per cent from the previous week. U.S. crude oil production remained stable and refinery processing increased. [U.S. crude oil production remained at 13.1 million barrels per day, unchanged from last week. The processing volume of oil refineries rose to 15.95 million barrels per day, an increase of 310000 barrels per day compared with the previous week. Gasoline and aviation kerosene production increased by 100000 b / d and decreased by 40, 000 b / d, respectively, while distillate fuel oil production increased by 280000 b / d month-on-week. Us crude oil inventories decreased, while refined oil and natural gas inventories rose [US strategic crude oil reserves increased by 950000 barrels to 367.22 million barrels, while commercial crude oil stocks decreased by 1.36 million barrels to 459.53 million barrels. Gasoline stocks rose by 920000 barrels, aviation kerosene stocks increased by 900000 barrels, and distillate fuel oil stocks rose by 560000 barrels. The EU gas storage rate rose 0.23 percentage points to 63.09%. Gasoline price difference narrowed and polyester filament price spread widened [in oil refining, the settlement spreads of NYMEX gasoline, heating oil and WTI futures were 26.73,23.98 US dollars per barrel, respectively, with a change of-8.48 per cent and-2.15 per cent on a cycle-by-cycle basis. The price difference of chemical products FDY/POY/DTY is 2555 yuan / ton, which is + 2.66% Universe 7.03% Universe 3.69% compared with last week. Investment advice focuses on oil price hub promotion and state-owned enterprise reform. [it is suggested to focus on oil price hub promotion and state-owned enterprise reform-driven central oil enterprises, such as PetroChina, CNOOC, Sinopec. When oil prices rise, we can pay attention to high-growth companies such as China Man Petroleum. With the promotion of market-oriented reform of natural gas, enterprises in the production growth period such as new natural gas and Blue Flame Holdings are worthy of attention. At the same time, under the background of the acceleration of oil and gas production, the scarcity of gas well services such as Jiufeng Energy is also worthy of investors' attention. Risk hints involve geopolitical risks and expectations of global demand [geopolitical risks, risks of supply and demand imbalances that may arise from the Iran nuclear deal, and risks of lower-than-expected global demand all need to be closely watched by investors. ]
