French Foreign Trade Bank freeze production discussion meaningless oil prices will continue to

French Foreign Trade Bank: freeze yield meaningless discussions prices to continue to fall FX168 – French Foreign Trade Bank (Natixis) on Wednesday (February 17th) in the 2016 oil outlook report, if the organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producers are not significantly reduced, then prices will fall further. French Foreign Trade Bank said that if the situation of OPEC as an oil monopoly organization unchanged, and did not reach a reduction agreement with non OPEC countries, then the inventory of crude oil and oil products will continue until 2017. Russia, Saudi Arabia and Saudi Arabia agreed to freeze production on Tuesday, but said the agreement would depend on whether other oil producers were willing to join, probably in Iran. Iran was not involved in the negotiations, and has been determined to increase production. Abhishek Deshpande, chief oil analyst at the French Foreign Trade Bank, said that only a substantial reduction in production could end the oversupply of crude oil, and that only freezing output was not enough and that the action was likely to collapse. He said, "we still don’t think it’s going to happen soon, and non OPEC oil producers are not going to cut production much."." French foreign trade bank is expected, if OPEC maintains market share strategy at present, so the supply of crude oil in 2016 the average daily surplus of more than 1 million 370 thousand barrels, and if Iran resumed production to the level before the sanctions, Iraq to increase production capacity, the Saudi, the next six months, may supply excess 1 million 800 thousand barrels. Deshpande pointed out that, "oil market is still empty, only to get rid of the oversupply situation will take more than one to two years.". At the same time, crude oil inventories are now at record highs, approaching 6 billion barrels." He added that refineries increased processing rates last year to capture the record profits of refining margins, which led to increased oil inventories. Deshpande said, "we think oil refining margins will be under pressure this year, because there is too much supply on the market, and demand growth is not as strong as last year." Proofreading: Mac Sina statement: this message is reproduced from Sina cooperation media, Sina published this article for the purpose of transmitting more information, does not mean to agree with its views or to confirm its description. This article is for reference only and does not constitute investment advice. Investors operate accordingly and take risks at their own expense. Enter Sina Financial shares] discussion

法国外贸银行:冻结产量讨论无意义 油价还会继续下跌   FX168讯 法国外贸银行(Natixis)周三(2月17日)在其2016年石油展望报告中称,如果石油输出国组织(OPEC)和非OPEC产油国不大幅减产,那么油价将进一步下跌。   法国外贸银行表示,倘若OPEC作为石油垄断组织的情况不变,而且未与非OPEC国家达成减产协议,那么原油和油品库存过剩的局面将持续至2017年。   石油出口大国俄罗斯和沙特阿拉伯周二同意冻结产量,但表示协议还要看其他产油国是否愿意加入,关键可能在于伊朗。伊朗没有参与这次磋商,并一直决心提高产量。   法国外贸银行首席油市分析师Abhishek Deshpande表示,只有大举减产才能结束原油供应过剩的局面,仅仅冻结产量并不够而且该行动很可能瓦解。   他称,“我们仍认为不会马上达成这样的协议,非OPEC产油国也不会大举减产。”   法国外贸银行预计,如果OPEC坚持当前的市场份额策略,那么2016年原油供应将日均过剩逾137万桶,而若伊朗恢复产量至制裁前水平、伊拉克提高产能、沙特增产的话,未来六个月日供应可能过剩180万桶。   Deshpande指出,“目前油市仍偏空,仅摆脱供应过剩局面就需要不止一到两年的时间。同时,原油库存目前处于纪录高位,接近60亿桶。”   他还补充道,炼油厂去年提高加工率以抓住精炼利润率创纪录增长的好处,而这导致油品库存增加。   Deshpande称,“我们认为今年油品精炼利润率将承压,因为市场上供应过多,而需求增长不如去年强劲。”   校对:Mac 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章:

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