Скачать с ютуб Now it's oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks в хорошем качестве

Now it's oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks

China and Iran developed a comprehensive energy market, involving shadow fleets of tankers and a system of rebranding oil for domestic use, or for further export to other Asian countries. Russia has since joined, after sanctions were placed on oil producers and banks there. The result is a parallel economy that now totals millions of barrels per day in shipments to China by OPEC+ countries, and a sharp decline in global demand from Western suppliers. The implications for US and European oil suppliers are very negative, as global crude prices are now far below profit breakeven levels. Already, US oil majors are shelving oilfield development projects, and reducing active rig count. Resources and links: Barrons, BP Says Oil Demand Is Falling, While OPEC Says It’s Rising. What Gives? https://www.barrons.com/articles/bp-s... Rigzone, JP Morgan Talks Global Oil Demand https://www.rigzone.com/news/jp_morga... S&P, Barclays lowers 2024 Brent oil price forecast to $93/b on demand concerns https://www.spglobal.com/commodityins... Oil Prices Poised To Climb in 2024 Amid Geopolitical Uncertainty https://www.investopedia.com/oil-pric... CNBC, OPEC is highly bullish on long-term oil demand growth. Not everyone agrees https://www.cnbc.com/2024/09/24/opec-... NPR, Oil prices plunge as demand from China falls https://www.npr.org/2024/09/14/nx-s1-... Zerohedge, What Sanctions? China Imports Record Amount Of Iranian Oil https://www.zerohedge.com/energy/what... The axis of evasion: Behind China’s oil trade with Iran and Russia https://www.atlanticcouncil.org/blogs... Oil price charts from finviz.com/futures and Bloomberg https://finviz.com/futures_charts.ash... US drillers cut oil and gas rigs for fifth week in six, Baker Hughes says https://www.xm.com/se/research/market... Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2024 https://www.statista.com/statistics/7... Capital Expenditure (CapEx) Definition, Formula, and Examples https://www.investopedia.com/terms/c/... Closing scene, Chengdu, Sichuan province