The oil market may fall into serious supply problems next year
Next year, the oil and gas market will fall into serious long-term supply problems, but before that, the typical price of Brent crude oil per barrel may exceed $100.
With reference to Curry's correct statement, the continued growth of Asian demand and the restrictions on oil and gas exports imposed by some countries will lead to a fiscal deficit in the crude oil market. He predicted that the fiscal deficit would appear in the second quarter of this year. In response, manufacturers will use their idle capacity to raise them to lower levels than before. In the end, this will cause the serious balance between supply and demand in the market to be broken.
Curry told Bloomberg: "At present, the import and export trade of oil and gas exporting countries has been balanced, and up to one-third of the production capacity has increased, because Asian demand has not recovered." If the increase is exhausted? By 2024, this may be a more serious problem. How to solve it? "
Saudi Arabia's Energy Minister Salman also expressed concern about the insufficient expenditure on oil production in the future. Saudi Arabia's Energy Minister Salman also expressed concern about the insufficient expenditure on oil production in the future.
He said: "All these so-called sanctions, embargoes and lack of investment will evolve into one thing, and there is only one thing - the lack of various energy supplies when most needed."
So far this year, the trading price of Brent crude oil has been between 75-80 dollars, but Goldman Sachs and other asset management companies believe that the oil price will rise further. According to Curry, the oil market will be in deficit by May.
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