The spot premium for Crude Oil Product in the Middle East has risen to its highest level in over two years. Can the strong demand from China and India continue to support prices?
The spot premium for Crude Oil Product in the Middle East has risen to its highest level in over two years, driven by strong demand from major importing countries China and India to replace sanctioned supplies.
OPEC Monthly Report: OPEC expects oil demand to steadily increase by 2026.
OPEC predicts that driven by India and China, oil demand will continue to grow steadily for another year. In the next two years, Global oil consumption is expected to grow "strongly" by 1.4 million barrels per day. Theoretically, this forecast will provide room for Saudi Arabia and its OPEC+ partners to restore about 2 million barrels per day of offline production capacity in the coming two years.
International oil prices have entered a skyrocketing mode! Crude Oil once reached a new five-month high. What investment opportunities are there in Hong Kong and U.S. stocks?
The main driving force behind this round of oil price surge is the USA's new round of sanctions on the Russian energy sector. Additionally, concerns about Trump's tariff policy, the decline in US crude oil inventories, and cold wave weather have also helped oil prices return to an upward trend.
Oil prices have reached a five-month high! Is the power of the 'strictest sanctions' against Russian oil really this significant?
① As the USA government implemented the broadest sanctions so far on Russia's Oil & Gas revenues last week, the rise in oil prices seems to be becoming unstoppable... ② Following a nearly 4% surge last Friday, Brent Crude Oil rose again on Monday by about 1.43%, pushing the settlement price of Brent to over $81, with intraday prices reaching a new high of $81.68 in over five months.
The USA's reliance on Saudi oil is coming to an end.
The Energy market will no longer be a constraint on the USA's foreign policy in the Middle East.
On the eve of Trump's inauguration, Biden 'ignited' oil prices.
The International Energy Agency had previously predicted that in 2024, there would be a surplus of nearly 1 million barrels per day in the Global oil supply, but the sanctions imposed by the Biden administration on Russian oil could nullify this surplus. The Biden administration had previously announced a significant expansion of the sanctions list for tankers transporting Russian oil, bringing the total to 270 vessels.