China Financial Daily

May 31, 2009

Ning: oil fires to illuminate what the stock market in June

Filed under: Financial News — Tags: — lily @ 3:51 am -0700

Ning: oil fires to illuminate what the stock market in June
Sunset, CCTV, “China Securities” reporter had told me in a brief interview, made the evening program, the respondents see more than one is a little bit, “and” the. I laughed , it appears that this “oil” a dynamic, combustion really ah! It is not immediately on the “Fire”, and really should be my article yesterday, “to ask how many cattle, is like buying oil” argument.

Of course, the fires of oil today is not just brothers of the index of high winds. Recently, crude oil futures also fire line to the 63 U.S. dollars, the gains, is to change the disk rather than rebound. It is for this reason also, at the closing on the 26th of the Group of Eight (G8) energy ministers called for the strengthening of energy investment to upgrade production to prevent oil prices continue to increase. Saudi Arabia warned that even if the lack of long-term investment, oil prices may be in three years to 150 U.S. dollars a barrel last year’s record high above!

On the other hand, due to financial crisis, tight money supply, reduced demand, increased energy investment in the energy giants have long state, so the same is expected after the market of oil producing countries will not adjust the output. During the crisis, as if clinging to the feet as the Buddha, the Government’s new energy plan also keen to invest in traditional energy heat greatly reduced, so the International Energy Agency (IEA) to do such a prediction: this year’s oil and gas exploration investment will decline 21%.

Related posts:

  1. International oil prices continued to rebound in the domestic refined oil prices since June 1 increase
    International oil prices continued to rebound in the domestic refined oil prices since June 1...
  2. Zhang: The international oil price volatility is the hot money at play
    Zhang: The international oil price volatility is the hot money at playSecretary National Energy Board...
  3. Gas and oil price
    Uzbekistan reduced the supply of natural gas by half on Tajikistan International reports on-line (Reporter...

Share/Bookmark

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Copyright © 2009 ChinaFinancialDaily.com; Powered by WordPress