According to a press conference held in the State Council on the 7th, the sanctions to be lifted include contents inconsistent with the Iranian nuclear deal and the restoration of the Iranian nuclear deal, but no specific details were disclosed.
Moreover, the State Council said that there are many reasons for the difficulties in Iran's nuclear negotiations, including the lack of trust between the United States and Iran.
However, this is undoubtedly a major progress for the confrontation between the United States and Iraq in the past six years.
When the United States took Iran, the fuse was enriched uranium. In 20021year, Iran announced the implementation of relevant measures to increase the enriched uranium abundance of the Faldo nuclear facility to 20%, far higher than the 3.67% stipulated by the Iranian nuclear deal. At the same time, the Iranian Atomic Energy Organization is building two new nuclear power plants in Bushehr, costing about $654.38 billion.
The tension caused by Iran's accelerated nuclear program has turned into an open conflict. This situation has also triggered attacks on shipping in the Gulf and intensified the war in Yemen, including attacks on Saudi oil facilities by Iranian-backed rebels.
The first signs of reconciliation between the United States and Iraq will not only ease international tensions, but also lower oil prices.
But it will not have a substantial impact on oil prices in the short term.
The us energy information administration (EIA) said on Wednesday that US crude oil inventories fell more than expected last week, and gasoline inventories jumped sharply, as the operating rate of refineries rose to the highest level in more than a year.
As of the week of April 2, US crude oil inventories decreased by 3.5 million barrels to 506.5438+0.8 million barrels, while analysts in Reuters survey expected a decrease of/kloc-0.40 million barrels. Inventories in the central and western regions fell to the lowest level since March 2020.
US gasoline inventories increased by 4 million barrels to 230.5 million barrels, which is estimated to be reduced by 226,5438+0,000 barrels. With the approaching of the summer driving season, it is expected that gasoline stocks will begin to decline soon, but this has not happened yet.
The daily output of refinery crude oil increased by/kloc-0.03 million barrels, and the capacity utilization rate increased slightly by 0. 1 percentage point to 84%, the highest since March 2020. The inventory of distillate oil (including diesel oil and heating oil) increased by 6.5438+0.5 million barrels to 6.5438+0.441100 million barrels, with an estimated increase of 486,000 barrels.
Last week, US crude oil imports decreased by 14 1 10,000 barrels per day, and crude oil production decreased by 200,000 barrels per day to10.9 million barrels per day.
Bob Yawger, head of energy futures at Mizuho Securities, said, "If you don't need to produce gasoline, then you don't need to use more crude oil."
The US Department of Commerce announced on Wednesday that the US trade deficit in February jumped by 4.8% to a record 7 1 1 billion US dollars. Economists had predicted a deficit of $70.5 billion. The trade deficit in commodities also hit a record high.
Ryan Sweet, a senior analyst at Moody's Analytics, said, "The trade deficit may still be large this year and next, because as the economy continues to strengthen, the fiscal stimulus plan and infrastructure package that may be adopted in the second half of this year will continue to expand."
In February, exports dropped by 2.6% to US$ 654.38+0873 billion. Commodity exports fell by 3.5% to 1.3 1. 1 billion dollars, which may be due to the unusually cold weather in a considerable part of the United States. The export of capital goods was the first to bear the brunt, with a decrease of $2.5 billion. Exports of consumer goods declined, as did exports of automobiles, parts and engines. Food exports have also decreased. The epidemic still drags down service exports, especially tourism.
In February, imports fell by 0.7% to $258.3 billion. Commodity imports fell by 0.9% to 2 1.9 1 billion dollars. This decline may reflect supply chain constraints rather than weak domestic demand. Driven by civil aircraft, medical equipment and electrical equipment, the import of capital goods in the United States reached a record high. The import of industrial supplies and materials reached the highest level since June 1965, and the import value of crude oil was $654.38 billion. This led to the first oil trade deficit in the United States since 20 19 and 12.
Brian Kessens, portfolio manager of Tortoise, said, "The United States has made very good progress in the epidemic, while in Europe, the difficulty of vaccination and the surge in cases still pose challenges."
Once again, John Kilduff, a partner of Once Capital LLC, said, "It is difficult to judge whether the summer driving peak will come in an all-round way, but given the vaccination situation, people tend to think that the peak season will come." "If there is a glimmer of hope, then from the perspective of blockade, Europe may now become more aggressive, so the summer outlook is indeed more optimistic."
John Kilduff, a partner of new york Reinvestment Company, said: "The world is worried that COVID-19 cases will increase again. Now Canada is facing the third wave of epidemic, and the market continues to be plagued by these demand problems brought about by the epidemic. "
In addition, as Iran and major world powers take measures to restart the agreement to freeze Iran's nuclear weapons development, the global crude oil supply may increase. The parties agreed to set up a working group to discuss the possibility of restarting the 20 15 the Iranian nuclear deal, which may lead to the lifting of US sanctions against the Iranian energy industry.
On the whole, EIA refined oil products have greatly increased, and the whole world is worried that COVID-19 cases will increase again. Now Canada is facing the third wave of epidemic, and the market continues to be troubled by these demand problems caused by the epidemic, and oil prices still face certain downside risks in the short term. In order to revive the oil market, the world needs to make further progress in fighting the epidemic, reduce the number of infected cases, and gradually lift the blockade and restrictions; It is expected that the vaccination of countries in the northern hemisphere will reach a satisfactory initial level this summer, thus gradually returning social life to normal, which means that there is still a chance for the middle line of oil prices to fluctuate higher.
Louise Dickson, AS oil market analyst of Resta energy company, said that the oil demand is expected to increase further in the second half of 20021year, but this expectation is based on the assumption that enough people will be vaccinated at that time, so that the situation will return to normal, and the recovery of the oil market may stagnate, resulting in the demand in 20021year being less than the number of successful vaccinations.
In addition, in the short term, as Iran and major world powers take measures to restart the agreement to freeze Iran's nuclear weapons development, the global crude oil supply may increase. The parties agreed to set up a working group to discuss the possibility of restarting the Iranian nuclear deal on 20 15, which may lead to the lifting of sanctions imposed by the United States on the Iranian energy industry, and also make crude oil bulls have scruples.
At 8:37 Beijing time, the main contract of US crude oil futures is now quoted at $59.42/barrel.