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After the oil and currency conference on Tuesday (Month), BP Chief Executive Dudley said that the recent rise in oil prices has caused the global energy industry to consider strategies that were unimaginable when the oil crashed two years ago. &&Increase new oil investment. Dudley said that British oil majors will make final decisions on investment in a series of oil projects this year. More oil investment is expected next year, but the threshold will also be higher than in the past. He said:
&This industry has begun to undergo profound changes, but it is developing in a good direction. Investment in oil has begun to pick up, but only to the best oil companies. With current oil prices, oil companies must improve efficiency and reduce costs. Every dollar is precious and must be invested carefully, which will also trigger innovation and reform in the energy industry. For highly competitive companies, the future is very bright. &r
The Wall Street Journal commented that this shows the fumbling mentality among current oil industry executives and government officials. Previously, oil prices plummeted from the year's high of US$/barrel to below US$/barrel, and did not recover to the previous high. Now with oil prices rising as the OPEC production cut deal is imminent, oil industry executives and leaders are very confident that oil prices are expected to rise to US$/barrel.
Dudley predicts that the oil price this year will hover between US dollars/barrel, and the annual oil price is expected to remain high in the US dollar/barrel range. U.S. shale oil producers will restart investment once oil prices rise to $1/barrel, Chevron Corp.'s head of exploration and production in the Americas and Latin America said. "The current situation of shale oil is very realistic," Msri said. When oil prices rise to US$/barrel, the number of active drilling rigs in the United States will inevitably increase. &r
Rising oil prices will force the energy industry to make necessary investment choices. Tens of thousands of jobs cut in the past two years are also expected to be restored, while oil-dependent countries such as Venezuela and Saudi Arabia will avoid greater economic losses. crisis.
But Biro, executive director of the International Energy Agency, believes that OPEC and other oil producers still cannot take it lightly. Excessive oil prices will not only accelerate the increase in U.S. oil production, but also reduce imports from countries such as China and Colombia whose production has declined sharply, leading to weak oil demand. He said:
Producing countries must find a good balance that will not damage demand while leaving a certain amount of room for oil investment. &r
The reduction in investment has had a devastating impact on the energy industry. The annual investment in exploration and production is US$100 billion, which has plummeted to US$100 million this year. Without new investment, the global oil market will quickly shift from the current glut to a deficit. He Si, an oil company executive, believes that current investment in the oil industry is not enough to ensure that oil supply can meet oil demand in the coming years. OPEC Secretary-General Barkindo said that investment cuts are a serious threat to production and the oil market will need trillions of dollars in investment by the year.
Investors often do not understand the importance of taking profits as soon as possible. When the situation begins to deteriorate, they still cling to vague ideas and are unable to objectively analyze the situation. With a gambler's mentality, they blindly stick to it and continue to sink until they are unable to do so. The point of redemption. At this time, a balanced mentality is often more important than sophisticated analysis
> Investment and franchise wealth hotline: Manager Li’s contact number: For details, please consult:, Bulk sincerely invites agents at all levels to cooperate.
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