The international oil price soared to US $117, and the global economy is facing inflationary pressure
US $100, US $110, US $117. In just over three months, the international oil price in New York has broken three important hurdles in a row, and the world economy is facing the test of high oil prices, such as friction and wear testing machines
senior management of the International Energy Agency: there is no way to stop the rise in oil prices at the moment.
William Ramsey, deputy executive director of the International Energy Agency (IEA), said on April 19 that in the face of the high price of $117 a barrel of international crude oil, both supply and demand sides of crude oil must make a difference, but at present, there seems to be little power to stop the rise in oil prices. "If the oil production capacity is improved, investors' concerns can be alleviated. In that case, even if something happens in Nigeria, it will not have a significant impact on (the crude oil market)."
it is reported that Anglo Dutch Shell leaked after a bomb attack on a major oil pipeline in Nigeria on April 18. As Nigeria is an important crude oil exporter, the event triggered investors' further concern about the possible tightening of crude oil supply, resulting in the price of light crude oil futures for May delivery on the New York Mercantile Exchange on April 18 closing at US $116.69 per barrel, a record high closing price. In after hours electronic trading, oil prices on the New York Stock Exchange once hit $117 a barrel
as for the high oil price, OPEC said that it was unnecessary for OPEC to increase oil production now, because the market supply and demand were now in balance
recently, the unexpected sharp decline in U.S. crude oil and gasoline inventories is an important reason for the sharp rise in international oil prices. In the United States, as the summer car peak is approaching, many people begin to worry about whether the gasoline supply is guaranteed. According to the analysis, the factors supporting high oil prices include: Although the economy of developed countries has slowed significantly, the demand of the "BRIC countries" including Russia, India, China and Brazil is strong; In addition, the "weak dollar policy" pursued by the United States, the dollar depreciation factor is the direct cause of the sharp rise in oil prices
domestic follow-up may be difficult to avoid
the price index of major economies in the world, including EU countries, Japan and China, in March showed that signs of inflation have appeared in the deeds of global companies, and in recent days, a new wave of high crude oil prices has brought greater pressure to governments' policies to control inflation, and also made inflation expectations in the market more firm
several pieces of news from different sources in the commodity market also indicate that the global oil supply tension is escalating. The data released by the U.S. Department of energy showed that the domestic crude oil inventory in the United States decreased by 2.36 million barrels to 313.7 million barrels, while various analysts previously believed that this data would increase; In addition, some media reported that due to the lack of investment in Nigeria, the main oil producing country, the crude oil production will be reduced by one third in the next few years. The news of supply shortage, coupled with the depreciation of the US dollar, has rapidly strengthened the financial power of various parties to push up oil prices
the rise in crude oil prices has increased concerns about inflation. According to the data released by the National Bureau of statistics of China, the domestic CPI index rose by 8% in the first quarter, and the producer price index (PPI) of industrial products rose by 6.9%, of which the producer price of crude oil rose by 37.9% year-on-year
due to China's implementation of regulatory measures in energy prices, when the international crude oil price continues to rise, the domestic oil price will not immediately rise correspondingly. However, at present, there is a serious price inversion in China's crude oil processing industry. Therefore, market participants generally believe that it may be difficult to avoid the domestic oil price rising with the external market
in order to alleviate the domestic price pressure, the Ministry of Finance announced the policy of "levying and returning" the import tax on refined oil products. However, since the proportion of crude oil in domestic imported oil products is much larger than that of refined oil products, the effectiveness of this policy in curbing the rise of oil prices is still very limited
in addition, as crude oil is the most powerful variety in the bulk commodity market, driven by the funds in the futures market, the prices of China's only national whole industry chain event products and various agricultural products, such as copper, aluminum and other related resource merchants, have followed the rising trend of crude oil prices. Therefore, the rise in oil prices will drive the rise in the prices of almost all raw material products, which is very serious for China's inflation situation, It is undoubtedly "adding fuel to the fire"
prices in euro zone countries have accelerated.
since this year, prices in the euro zone have shown a rapid upward trend. According to the data released by Eurostat a few days ago, driven by the sharp rise in prices, the inflation rate in the eurozone rose in March this year, and the financing channels were less than 3.6%, setting the highest record since the birth of the euro