Since September, the fluctuations in international crude oil prices have obviously become larger and more frequent.
At the beginning of September, WTI crude oil price continued to fall from $90, because of the Federal Reserve's rate hike again , it fell to $76 at the lowest. Seeing that the situation was not good, OPEC immediately held a meeting to pass the decision to reduce production, and then the oil price rose to more than $93 again.
But starting from mid-October, oil prices fell again, testing the $80 mark again.
The roller coaster of oil prices is rising and falling, indicating that there is a constant tug-of-war between the United States and OPEC.
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In fact, the struggle between the United States and oil-producing countries has been going on.
The United States believes that oil-producing countries have continuously pushed up oil prices, causing U.S. inflation to remain high.
, while oil-producing countries believe that it is precisely because of the continuous interest rate hike of the US dollar that the international crude oil price denominated in US dollars has continued to fall.
Moreover, with the continuous appreciation of the US dollar, the economic growth of Europe and the United States is changing day by day, and it will enter a recession in the future, and the demand for crude oil has also decreased significantly, which has also led to the continuous decline in crude oil prices.
In the midst of shirking responsibility between the two parties, each of them took strange moves and hoped to achieve their goals.
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If oil prices rise, it will benefit not only the oil-producing countries, but also the oil companies of each country.
Although the current international oil price is "not ideal", both international oil companies and domestic oil companies have higher profits.
This is due to the strong demand for oil now, and the oil price is several times higher than two years ago; on the other hand, it is due to the fact that oil capitalists are trying their best to reduce their spending.
However, the current situation of oil prices continuing to fall makes it difficult for companies mainly in oil extraction to achieve better results in the second half of the year than in the first half of the year.
An oil giant complained that during a period of high oil prices, companies mainly engaged in oil development seemed to make a lot of money, but the actual situation was that high oil prices would bring a huge backlash to oil demand.
For companies mainly refining, low oil prices mean that they can control oil prices well and keep costs low. Sinopec can also live under the tremendous pressure brought by two top students, CNOOC and CNOOC .
For Chinese companies, the current crude oil price is still good. Companies mainly engaged in oil extraction and companies mainly engaged in oil refining can make profits and achieve a win-win situation.
But overall, oil companies from all over the world, including the US oil giants, are currently standing opposite to the US government, hoping to maintain oil prices and not want to see a drop in oil prices.
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And for ordinary people in the United States, falling international oil prices may not necessarily benefit.
Since mid-June, international crude oil prices have begun to fall, with the largest drop exceeding 1/4.
However, long-distance drivers in the United States have found that the price of diesel is still getting higher and higher, and diesel prices in many states have reached US$170 to US$190 per barrel.
Due to the natural gas crisis in Europe, Europe uses diesel as an alternative energy source. This is also because American traders saw a huge price difference, so they kept shipping diesel to Europe, which instead caused a shortage of diesel supply in the US market to lead to a rise in diesel prices in the US.
There are data that in September, the U.S. diesel did not increase significantly, but exports set records, and customs data also show that most of them were shipped to Europe.
It can also be seen from here that the "enemy" of the United States also comes from the inside of the United States.
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