中文
It seems that the oil price has completely bid farewell to the epic collapse. At present, this view has been “endorsed” by Saudi Aramco, the world’s largest oil company. On June 30 local time, Amin Nasser, President and CEO of Saudi Aramco, said that the worst period of the oil market had passed, and he believed that the situation in the second half of the year would be very optimistic. The reason for Nasser’s judgment is that supply and demand are recovering.
In the interview, Nasser said that the current global oil demand is about 90 million barrels / day, higher than 75 million to 80 million barrels / day in April. Previously, Platts, the S & P energy analysis company, also predicted that oil demand in 2020 would decrease by 8.3 million B / D to 94.2 million B / d. But 90 million barrels a day is good news compared with the collapse in global oil demand at the height of the epidemic.
The biggest disadvantage of shale oil enterprises is the high cost of exploitation. If the oil price continues to be maintained at around $40 a barrel, more and more enterprises will gradually become like Chesapeake. The reason is that the oil price is too low to cover the cost. A considerable part of shale oil enterprises have a cost of more than $40 / barrel, and they will have a better life when the price is $50 / barrel. Now The price level is only more than $30 / barrel, and everyone is not optimistic about the future, so their capital chain may break down soon.
In fact, the current difficult situation of the energy industry has become increasingly obvious. Novel coronavirus pneumonia rating has dropped by 44%, according to InfluenceMap, a research firm, which has seen the biggest decline in the 158 sub sectors of the global industry classification standard (GISC), the oil and gas drilling industry, in the past five years.