1, it can be said that in 2020 and 20021,because of the impact of the epidemic, it has adverse effects on many international trade. The panic diving of international oil prices is also closely related to the epidemic situation;
2. On the whole, it is still the relationship between supply and demand, because the epidemic situation has caused many industries to fail to move forward, so the supply of crude oil is not needed, which will reduce the demand in the market, while the supply remains unchanged, resulting in a decline in the overall price;
3. Although it is a member of the Organization of Petroleum Exporting Countries, Iran has not joined the OPEC+production reduction agreement, so Iran is still exploiting crude oil at normal speed. However, because the relationship between supply and demand is not as good as before, Iran can be said to be the key factor leading to the diving of international oil prices.
Why did the international oil price fall this time? There are various factors combined, but the most important thing is the relationship between supply and demand. As we all know, because increasing demand will lead to rising prices, then decreasing demand will lead to falling prices. Because the market doesn't need so much, it will definitely have a great impact on the price.
First, the epidemic has affected the global environment, and the decline in productivity is one of the factors leading to the decline in crude oil prices. We see that the global environment has changed due to the consequences of this epidemic. Because of this epidemic, many international productions have stagnated. It can be said that most countries in the whole family have great influence except China. Not producing means that the global demand for crude oil is declining.
Second, oversupply will inevitably lead to a decline in prices. The relationship between supply and demand is the key. How can prices go up without so much demand? Excessive supply can only lead to a decline in prices, which is an inevitable result. Therefore, this time, everyone expressed their understanding of the decline in crude oil.
Third, Iran is also a major factor in the decline in crude oil prices. Iran has not stopped or reduced crude oil exploitation. Now we don't know what Iran thinks, but it can be said that Iran's normal exploitation has caused an oversupply of crude oil, which is the reason for the panic drop in prices. It is also an interesting phenomenon that a country can influence the price of crude oil.
Fourth, futures trading will affect the price of crude oil. Crude oil is also a kind of futures, which can be said to be a capital game, so shorting crude oil may also be an influencing factor in the futures market.
Verb (abbreviation of verb) Conclusion We can see that the panic diving of national oil price is also due to the global shutdown caused by the epidemic and the relationship between supply and demand has changed. At present, it seems that it is mainly because of the decline in demand, that is, because of the continuous decline in demand, the price of crude oil will fall, and a one-time drop of 6% is a wake-up call for everyone. Resuming production is the key.