Crude oil
At present, the crude oil market is still in a deadlock, and the volatility rate has returned to the historical low range. We believe that from a marginal point of view, although...
Crude oil
The results of the OPEC+ meeting yesterday were more similar to our previous estimates. OPEC eased the scale of production cuts, but due to some cheating countries making up for the pr...
Crude oil
OPEC+ is still committed to improving the compliance rate. According to its latest statement, countries that had previously cheated in production cuts must make up from August to Septe...
Crude oil
At present, the focus of the crude oil market is still on the ministerial video conference tomorrow. Judging from various positions, there is basically no sign of extending the current...
Basis & IRR
The basis for T2009 last Thursday was 0.6038 yuan, the IRR was 0.0219%;
The basis for TF2009 last Thursday was 0.2429 yuan, the IRR was 1.1305%;
The basis...
Crude oil
Last week, EIA and IEA released monthly reports, OPEC monthly reports have not yet been released. From the balance sheet, EIA and IEA have both revised up global demand growth and non-...
Crude oil
Oil prices fell sharply yesterday. From the news side, Libyan news may be a potential fuse. According to Bloomberg reports, the Libyan port guards allow an Afra tanker to load cr...
Crude oil
From the perspective of digesting inventory, the current floating warehouses are relatively smooth to clear. Especially the floating warehouses in Europe and the US Gulf area hav...
Crude oil
Recently, the U.S. District Court in Washington ruled that the DAPL pipeline does not comply with environmental protection laws, and its operating license is invalid. It must be ...
Crude oil
Yesterday, Saudi Arabia released official prices, which included a light adjustment of $1/barrel to $1.2/barrel on sand for Asian customers. According to Platts surveys, the mark...
Index Futures
(1) Rolling Data for Short Hedging during the Statistical Period:
The optimal rolling contract is IF2012, and the annualized rolling cost is 4.06% to 5...
Crude oil
Oil prices have recently fluctuated around $40 per barrel. Prior to this, the market's expected phase adjustment failed to appear. Although China's crude oil procurement has slow...