|2020-04-23 来源： 中国石化新闻网|
洪伟立 摘译自 今日油价
Saudi Arabia Hints At Further OPEC+ Action
As the oil market meltdown intensified a week after the new OPEC+ production cut deal, Saudi Arabia has hinted for a second time in two weeks that it is ready to take further measures with OPEC to restore oil market stability.
At a Tuesday meeting of the Saudi cabinet chaired by King Salman bin Abdulaziz Al Saud, discussed Saudi Arabia's "keenness to achieve stability in the oil market, its affirmation with the Russian Federation of a firm commitment to implement agreed targeted cuts over the next two years, their continuing monitoring of oil market situations closely, and being prepared to take further measures jointly with OPEC+ and other producers,” the official Saudi Press Agency reported.
Collapsing global oil demand and shrinking storage capacity have pressured oil prices since the OPEC+ group came up with a new plan to restore ‘stability on the market’ – its proxy PR buzzword for driving oil prices higher.
The market and analysts, however, see the new deal as ‘too little too late’ to make a meaningful impact on growing global inventories amid crashing demand.
Despite the OPEC+ deal, prices continued on a downward spiral last week as inventory reports in the United States showed a record-breaking commercial crude build amid crashing demand.
Despite the typical Saudi jawboning of the market, the demand destruction and the swelling storage with oversupply nowhere to go led to a historic crash in WTI Crude into negative territory on Monday.