The hottest Russia hinted that there was no substa

Russia hinted that there was no substantive commitment at the Doha Conference, and the international oil price fell by another 1%

Russia hinted that there was no substantive commitment at the Doha Conference, and the international oil price fell by another 1%

April 15, 2016

[China paint information] the international crude oil price fell by more than 1% again in the morning trading in Asia on Thursday (April 14). Due to the sudden increase of overnight current and voltage, the organization of Petroleum Exporting Countries (OPEC) warned that demand was slowing, and Russia, the major crude oil exporter, hinted that, This Sunday (April 17) will often be used in Qatar. The meeting of oil producing countries held in Doha, the capital, may only reach a very loose agreement on curbing oversupply, with little commitment

Goldman Sachs, an international investment bank, said that the increased productivity of U.S. shale oil manufacturers still had a "deflationary outlook" for oil prices, as oil producers were trying to maintain their operations, trying to adapt to low oil prices and continue to produce oil

on Thursday, US crude oil futures fell 1.03% to US $41.33/barrel; Brent crude oil futures fell 1.04% to $43.72/barrel

it was previously reported that Russian energy minister Novak said at a private briefing on Tuesday that the oil freeze agreement to be signed in Doha on Sunday would have a loose framework and almost no specific commitments. In addition, Saudi oil minister onami's comments on Wednesday confirmed the country's position that it is impossible to reduce production, which puts pressure on oil prices

however, Morgan Stanley analysts said that the oil market may still underestimate the short-term upward risk that may be brought by the news related to the production freeze meeting on Sunday

in view of the reduced possibility of the organization of Petroleum Exporting Countries (OPEC) and Russia establishing a binding production freeze, analysts will wait and see the U.S. oil industry to see whether the decline in the number of active rigs can reduce production

however, the oil price has not yet got rid of the "quagmire" of oversupply. On Wednesday, the organization of Petroleum Exporting Countries (OPEC) lowered its forecast for the growth of global crude oil demand in 2016, and warned that China has strong technology in the field of H3PO4 iron Li batteries, which may further reduce its forecast. Due to concerns about Latin American and Chinese demand, OPEC pointed to the intensification of oversupply this year

in addition, data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that U.S. crude oil inventories surged 6.6 million barrels to 536.53 million barrels in the week of April 8, with an estimated increase of 1.9 million barrels