as we all know, the global crude oil imports are mainly concentrated in Asia-Pacific, Europe and North America, accounting for 94.9% of the global crude oil imports. According to statistics, in 218, the total crude oil imports of Asia-Pacific countries were 1.212 billion tons, accounting for 53.6% of the global crude oil imports, and the average foreign dependence of countries was 71.5%. In 218, China imported 465 million tons of crude oil, accounting for 2.5% of the global crude oil imports, ranking first in the world, and its dependence on foreign countries was 72.5%. 2. In 218, the United States imported 386 million tons of crude oil, accounting for 17.1% of the world's crude oil imports, ranking second in the world, and its dependence on foreign countries was 42.%. 3. India In 218, India imported 228 million tons of crude oil, accounting for 1.1% of global crude oil imports, ranking third in the world, and its dependence on foreign countries was 95.4%. 4. Japan In 218, Japan imported 1.51 million tons of crude oil equivalent, accounting for 6.7% of the global crude oil import, ranking fourth in the world, and its dependence on foreign countries was 82.8%.
At present, due to the epidemic situation, according to statistics, China's crude oil imports will drop sharply in 22, which will increase the stocks of oil-producing countries, and other countries are also suffering from the decline in demand caused by the epidemic situation. As demand drops, oil prices will naturally be under pressure to cut prices. Second, the oil-producing countries failed to seek to reduce production and protect prices, and the panic spread.
last Friday, OPEC, led by Saudi Arabia, broke down its negotiations with Russia on crude oil production reduction. On Monday, Saudi Arabia retaliated by lowering the price of crude oil, which caused the price of crude oil to drop by over 3% again after dropping by about 1% last Friday, and the lowest price in the day hit $31.38, which triggered a renewed global concern about geopolitical and economic downside risks.
In fact, this is due to the spread of panic caused by irrationality and the sharp downward trend of crude oil, which aggravated the plunge. Third, short-selling institutions have repeatedly issued pessimistic expectations and short-selling remarks.
I remember that the predators on Wall Street are the fiercest short-selling forces. If you remember that every time the economic crisis comes, some predators always make a lot of money by shorting.
last week, many international organizations thought that the international crude oil price would probably drop from about $45 now to about $2, or even to about $1. I didn't expect the plunge to come so quickly! After less than a week, it fell to $3, which is simply a flash crash mode!
The price of crude oil in p>22 is simply the beginning of a nightmare. The price of crude oil has halved from the highest of $65.65 at the beginning of the year in just over two months. The lowest fell to $27.34, which is a horror in short.
At this time, a question of global concern is whether the nightmare of the oil price crash in 214 will be repeated. As we all know, at that time, Saudi Arabia and Russia competed for market share with American shale oil producers who had never participated in the production restriction agreement, and the substantial increase in production led to a decline in prices. At that time, the sales revenue was not enough to cover the cost of shale oil, forcing many American shale oil producers to go bankrupt and fell to the level of $25 in late 215 and early 216.
however, shale oil survived by borrowing. After OPEC, it had to win over Russia to reduce production. Today, the crude oil world is still paying for the decision of Saudi Arabia that year.
Of course, as a big importer of crude oil, we just think that the plunge in oil prices is absolutely beneficial and harmless, so how much foreign exchange reserves we can save, and the plunge in crude oil prices is conducive to the internationalization of RMB, so the dollar is no longer so arrogant.