The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil falters as U.S. shutdown, China trade cast pall over economy

Pubdate:2019-01-24 11:55 Source:liyanping Click:

NEW YORK (Bloomberg) -- Crude prices fell to the lowest level in almost a week as China warned of “serious challenges” to the global economy and the U.S. government shutdown cast a pall over growth.

Futures slid 0.7% in New York on Wednesday, losing ground for the second day in a row. At the Davos economic forum, Chinese V.P. Wang Qishan bemoaned the risks of trade wars and populism while in Washington, an adviser to President Donald Trump said an extended shutdown could wipe out growth in 2019’s first quarter.

After U.S. futures trading closed, an oil-industry group reported big jumps in domestic crude and fuel stockpiles, sending prices down further. While OPEC, Russia and other suppliers are reducing production, worries about the economy have weighed on prices, said Michael Hiley, head of OTC energy trading at LPS Futures in New York.

“You still have the same old things hanging over us, particularly the question of a trade deal between the U.S. and China," Hiley said.

The cuts by OPEC and its allies should eventually lead to a balanced oil market in 2019, BP Plc CEO Bob Dudley said in an interview from the World Economic Forum in Davos. Still, a sharp slowdown in the world economy led by China could weigh on crude consumption, International Energy Agency Executive Director Fatih Birol said.

Booming output from the U.S. remains another challenge for overseas producers. The industry-backed American Petroleum Institute on Wednesday was said to report that American crude inventories grew by 6.55 MMbbl of oil last week while gasoline stocks rose by 3.64 MMbbl. The Energy Department’s official tally will be released on Thursday.

West Texas Intermediate crude for March delivery fell 62 cents to $52.38/bbl in after-marking trading on the New York Mercantile Exchange, after closing the day’s session at $52.62.

Brent for March settlement lost 62 cents to $60.08 on the London-based ICE Futures Europe exchange, after closing at $61.14. The global benchmark crude was at an $7.70 premium to WTI.

Global oil demand remains on course to expand “above or around” 1 MMbopd, but the economic outlook remains unclear, especially in China, Birol said in a Bloomberg television interview from Davos.

With economic worries dominating, prices saw little impact from the growing political turmoil in Venezuela, which holds the world’s largest crude reserves as well as OPEC’s rotating presidency. Venezuela’s opposition party moved to unseat President Nicolas Maduro on Wednesday, even as the Trump administration threatened sanctions on crude exports.

主站蜘蛛池模板: 日本人强jizz多人高清| 麻豆一区区三三四区产品麻豆| 狼群视频在线观看www| 女大学生的沙龙室| 免费一级成人毛片| fuqer2018| 男人j进女人p免费动态图| 天天做天天躁天天躁 | h小视频在线观看| 欧美大香线蕉线伊人久久| 国产精品亚洲视频| 亚洲av无码码潮喷在线观看 | 女同久久另类99精品国产| 免费人成激情视频在线观看冫| xxxxx性欧美hd另类| 特大巨黑人吊性xxx视频| 国产边打电话边被躁视频| 亚洲国产欧美精品一区二区三区| 182tv午夜精品视频在线播放| 欧美亚洲国产精品久久| 国产成人免费av片在线观看| 久久久久无码国产精品不卡| 老公和他朋友一块上我可以吗| 成人伊人青草久久综合网破解版| 免费亚洲视频在线观看| 99RE久久精品国产| 欧美jizzhd精品欧美| 国产国语对白露脸正在播放| 中文字幕欧美亚洲| 男人的天堂视频网站清风阁| 国产香蕉精品视频在| 亚洲av日韩综合一区二区三区| 麻豆国产高清精品国在线| 撒尿bbwbbw| 亚洲黄网站wwwwww| 100款夜间禁用b站软件下载| 日韩一区二区在线视频| 天天躁日日躁狠狠躁av麻豆| 亚洲精品亚洲人成在线播放| 精品久久久久久蜜臂a∨| 无翼乌全彩我被闺蜜男口工全彩|