Chapter 1769

Saudi Arabia's King Abdullah is sitting with yuan Shoushou of other OPEC member countries at this time. Everyone looks at each other and nobody talks.

The reduction of crude oil production has indeed increased the price of crude oil. The income of each country has not decreased, but increased.

But the trade of these countries has serious problems. Not only the United States, China, island countries, Russia and other countries have imposed economic sanctions on them, but also the European Union.

It can be said that OPEC has touched the interests of most countries.

OPEC's reserves and production account for about 40% of the world's total. At this time, other countries will not be able to bear the pressure of crude oil prices if they join hands.

Now the trade blockade has cost them a lot, and the price of many domestic necessities has risen, so that inflation will occur in these countries.

Even if they make more money, the living standard of the Chinese people will decline. It's not worth the loss.

There is also a debate within their organization at this time about whether to compromise and restore crude oil production in exchange for other countries to untie their trade blockade.

With the cooperation of these major organizations, OPEC can't really afford it. Now it seems that the price of crude oil keeps rising, but in fact, it is mainly driven by international speculators.

Without these funds, how high can the price of crude oil be? The key is that they have made money now, but they can't change back the necessary materials. This is the most troublesome thing.

Among these countries, which is an agricultural country? Except for the water produced by themselves, other countries are imported from clothing, food, housing, transportation, etc.

But at this time of compromise, other countries will definitely ask them to increase production, so as to push the price of crude oil back below 60 dollars.

And the shale oil obtained by the United States, if it can be produced in large quantities, will have a great impact on them. Besides energy such as oil, do they have any valuable commodities?

That shale oil will greatly increase the production of crude oil, thus lowering the price of crude oil.

"Everyone is silent. Let me talk. The price of flour for making bread in our country has tripled, all of which are subsidized by the government axe, otherwise the country will be crushed by inflation. " Abdullah said.

Money is worthless. Many lives are bound to change a lot. There will be trouble.

"If the United States, Europe and other countries get this shale oil out, our crude oil price will inevitably fall, but certainly not too low."

"The international demand for crude oil is still increasing. We can still have a high income by keeping our output last year."

"No, the price of crude oil is falling, and our output is unchanged, so the income must be falling." Someone said.

"The price of crude oil will not fall below $60. Do you really think that the cost of shale oil can be lower than that of us? Their cost of a barrel of oil must be more than sixty dollars. "

"So if the oil price is very low, then they will lose money, so they will cut production, or even stop production, and then crude oil production will return to the normal track." Abdullah said confidently.

Cost of shale oil? They didn't think about it before. But they also believe Abdullah's words, how can extracting oil from oil shale be cheaper than the cost of their direct exploitation? And it's also a huge investment to build oil pipelines and refineries.

On average, their costs will be higher. If so, maybe after the shale oil appears, the price of crude oil will remain high!

All of a sudden, everyone felt that it was not impossible to give in to shale oil. Just like one or two more OPEC members, they will welcome them with both hands, so their organization will have more influence.

It's just that the United States, which is the largest crude oil import country, should vigorously develop shale oil, which makes them very worried. If the shale oil production is very large, can the United States really not import from them in the future?

It's also said that there are oil shale mines in China, Russia and many European countries. If they start to make shale oil, they are all self-sufficient, and their status will surely decline a lot.

Saudi Arabia, for example, is now a well-developed country. Even in developed countries, all kinds of welfare and other benefits are top-notch and rich.

If income drops, many of their welfare benefits will not be implemented, which may shake the governance.

"Let's talk to other countries and restore production? But they want us to increase production, which may cause the price of crude oil to plummet Some people are worried.

"It doesn't matter. We only promise to increase production this year. As long as we reach January 1 next year, we can limit production again. And the increase in production will lower the price of crude oil, which will stop them from getting this shale oil. "

There's fifty dollars a barrel of oil. Can you produce it for seventy dollars a barrel? Isn't that brain damage!"Yes, it's just that we talk to them about increasing production, and ask them to resume their trade with us immediately, and sign a long-term contract to ensure that we will not be threatened in the future!"

All of us are talking about how to fight for the interests of our country after taking a step back.

During this period, the sharp rise of crude oil price has eased the economic pressure of many countries. OPEC is a local tyrant like Saudi Arabia, but Iran and other countries have a lot of debts.

Just now the price of crude oil has soared, their income has soared, and some crude oil has been used to pay debts, which has eased their foreign debt pressure.

If crude oil could be kept at such a high price, they would have paid off their debts and become rich!

They also know that this is impossible. Crude oil is now over 140 US dollars per barrel, which is definitely more than the rational price.

But they think it's possible to keep the price above $80 for a long time. If the United States and other countries produce shale oil, there is no doubt that the United States will also raise the price of crude oil.

After discussing some acceptable conditions, they began to send representatives to negotiate with the countries and regions with the largest crude oil imports, such as the United States, China, island countries, Russia and the European Union.

As long as they agree, the matter will be settled.

Feng Yu is swimming in the swimming pool. When his cell phone rings, he climbs up to the shore and connects.

"Feng Yu, now we are negotiating with the representatives of the UAE. The other party is represented by OPEC. They have put forward a good condition. I think it will take a few days for OPEC to announce the recovery of crude oil or even increase production!"

……