Didn’t US just sold several bi

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LittleGuiLin
2021-06-02

Didn’t US just sold several billion dollars of confiscated Iranian oil?

Crude oil prices continue to rise, how does it affect inflation and global manufacturers?

原油价格周二触及每桶70美元上方，此前欧佩克及其盟友（OPEC+）预测需求将上升并提高产量。全球经济持续复苏，并推高了一系列大宗商品的价格。具体来看，周二美油7月合约收涨2.52%，报67.99美元

Crude oil prices continue to rise, how does it affect inflation and global manufacturers?

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The global economy continues to recover and has pushed up the prices of a range of commodities.Specifically, the July U.S. oil contract closed up 2.52% on Tuesday at $67.99 per barrel, a new high since October 2018; The August Brent oil contract closed up 1.85% at $70.6 a barrel.OPEC gradually relaxes production cutsMembers of the Organization of the Petroleum Exporting Countries and their allies (OPEC +) agreed on Tuesday to increase oil production by about 450,000 barrels per day starting next month. At the same time, Saudi Arabia agreed to continue to relax the unilateral production cut of 1 million barrels per day implemented earlier this year.In April this year, OPEC agreed to increase production by more than 2 million barrels per day by the end of July, bringing the cumulative daily output in the past year to about 4 million barrels. The move follows the group's agreement to cut 9.7 million barrels per day of crude in early 2020, when the coronavirus first began shutting down economies, crippling global crude demand and sending oil prices down.Now, with infection rates generally under control in much of Asia and China, the world's largest oil consumer, and vaccinations in the United States and Europe steadily advancing, OPEC and some non-OPEC oil producers led by Russia are betting on market demand rebound.A technical committee of OPEC + predicted on Monday that oil demand will increase by 6 million barrels per day in the second half of the year, according to OPEC representatives. As a result, they predict, by the end of July, global oil inventories will fall below the five-year average for the period 2015-2019, marking the end of the oversupply situation during the pandemic.However, analysts warned that the continued recovery of crude oil demand will depend on the development of the epidemic. Energy Aspects analyst Amrita Sen said new pandemic restrictions are being implemented in Southeast Asia, which could delay the full recovery of crude oil demand until mid-2022. \"Demand is booming in China, but India is struggling as we know it. Many other Asian countries are returning to some form of lockdown.\"Inflation expectations heat upAt the same time as recent oil price milestones, commodities such as tin, copper and lumber have also suffered similar shocks. The prices of these commodities are also soaring amid the recovery of demand.\"It's a good old-fashioned reflation trade,\" Tom Price, head of commodity strategy at Liberum, an investment bank, described the expectation of a surge in economic activity and increased assets. Price said it's been a long time since the economic recovery following the financial crisis in 2009 that so many categories of commodities have not risen at the same time.Demand for crude oil and other commodities reflects the huge volatility in global economic activity during the pandemic. Crude oil demand fell sharply in the second quarter of last year as a large part of the global economy was in suspended animation, but has rebounded in recent months as many wealthy economies thaw.Since the beginning of this year, the world has successively promoted vaccination and relaxed restrictive policies, and the demand for energy and raw materials in global factories has gradually picked up. On the other hand, the depreciation of the US dollar has also made commodities denominated in US dollars more attractive, and the the US Dollar Index has fallen below 90 in June.Demand will rise even further this year as the global economy is expected to see its fastest expansion in decades. The Organization for Economic Cooperation and Development said Monday it expects global output to rise 5.8%, the strongest growth since 1973.High oil prices have led to increased global inflation. Eurozone data released on Tuesday showed the consumer price index rose 2% in May from a year earlier, the fastest increase since late 2018. But the main reason for the increase was higher energy prices, which rose 13.1% from the same period last year.The Commerce Department's inflation index showed that the consumer price index rose 0.6% in April from the previous month and 3.6% from a year earlier. Core prices, excluding energy and food, rose 0.7% month-on-month and 3.1% year-on-year.Manufacturers face tough outlookOn the other hand, rising prices have already made life harder for manufacturers. A variety of companies, including General Motors and Danish wind turbine maker Vestas Wind Systems A/S, are complaining about rising steel prices.Andy Palmer, a UK car executive and engineer, said: \"This is a big problem for automakers, and I've seen periods of volatile commodity prices, but it's rare for almost all raw materials to rise so fast.\"The most affected are smaller manufacturers, whose profit margins have been falling in recent months due to high raw material prices. In response to rising cost pressures, an increasing number of factories have recently raised product prices. Some others have temporarily halted operations and turned down new orders.Moreover, although the global crude oil supplier leader can ramp up supply relatively quickly (opec can take advantage of its huge untapped capacity), it is much more difficult for miners and farmers to suddenly ramp up coal, copper or cotton production. Rising prices, for example, are prompting mining companies to look at their future plans.Commodity trading giant Glencore PLC said in February that it was considering restarting production at the world's largest cobalt mine in Congo. In August 2019, Glencore chose to close the Mutanda copper mine, which also produces large amounts of copper, as prices for both metals plummeted. Supply bottlenecks caused by the pandemic have lingered in recent months, and strong demand from recovering Asian economies has pushed prices soaring. Copper prices surged to an all-time high last month, and cobalt prices are up more than 50% this year.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crude oil prices continue to rise, how does it affect inflation and global manufacturers?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude oil prices continue to rise, how does it affect inflation and global manufacturers?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nWind万得 \n2021-06-02 08:50\n</div>\n</a>\n</h4>\n</header>\n<article>\nCrude oil prices hit above $70 a barrel on Tuesday after OPEC and its allies (OPEC +) predicted higher demand and higher production. The global economy continues to recover and has pushed up the prices of a range of commodities.Specifically, the July U.S. oil contract closed up 2.52% on Tuesday at $67.99 per barrel, a new high since October 2018; The August Brent oil contract closed up 1.85% at $70.6 a barrel.OPEC gradually relaxes production cutsMembers of the Organization of the Petroleum Exporting Countries and their allies (OPEC +) agreed on Tuesday to increase oil production by about 450,000 barrels per day starting next month. At the same time, Saudi Arabia agreed to continue to relax the unilateral production cut of 1 million barrels per day implemented earlier this year.In April this year, OPEC agreed to increase production by more than 2 million barrels per day by the end of July, bringing the cumulative daily output in the past year to about 4 million barrels. The move follows the group's agreement to cut 9.7 million barrels per day of crude in early 2020, when the coronavirus first began shutting down economies, crippling global crude demand and sending oil prices down.Now, with infection rates generally under control in much of Asia and China, the world's largest oil consumer, and vaccinations in the United States and Europe steadily advancing, OPEC and some non-OPEC oil producers led by Russia are betting on market demand rebound.A technical committee of OPEC + predicted on Monday that oil demand will increase by 6 million barrels per day in the second half of the year, according to OPEC representatives. As a result, they predict, by the end of July, global oil inventories will fall below the five-year average for the period 2015-2019, marking the end of the oversupply situation during the pandemic.However, analysts warned that the continued recovery of crude oil demand will depend on the development of the epidemic. Energy Aspects analyst Amrita Sen said new pandemic restrictions are being implemented in Southeast Asia, which could delay the full recovery of crude oil demand until mid-2022. \"Demand is booming in China, but India is struggling as we know it. Many other Asian countries are returning to some form of lockdown.\"Inflation expectations heat upAt the same time as recent oil price milestones, commodities such as tin, copper and lumber have also suffered similar shocks. The prices of these commodities are also soaring amid the recovery of demand.\"It's a good old-fashioned reflation trade,\" Tom Price, head of commodity strategy at Liberum, an investment bank, described the expectation of a surge in economic activity and increased assets. Price said it's been a long time since the economic recovery following the financial crisis in 2009 that so many categories of commodities have not risen at the same time.Demand for crude oil and other commodities reflects the huge volatility in global economic activity during the pandemic. Crude oil demand fell sharply in the second quarter of last year as a large part of the global economy was in suspended animation, but has rebounded in recent months as many wealthy economies thaw.Since the beginning of this year, the world has successively promoted vaccination and relaxed restrictive policies, and the demand for energy and raw materials in global factories has gradually picked up. On the other hand, the depreciation of the US dollar has also made commodities denominated in US dollars more attractive, and the the US Dollar Index has fallen below 90 in June.Demand will rise even further this year as the global economy is expected to see its fastest expansion in decades. The Organization for Economic Cooperation and Development said Monday it expects global output to rise 5.8%, the strongest growth since 1973.High oil prices have led to increased global inflation. Eurozone data released on Tuesday showed the consumer price index rose 2% in May from a year earlier, the fastest increase since late 2018. But the main reason for the increase was higher energy prices, which rose 13.1% from the same period last year.The Commerce Department's inflation index showed that the consumer price index rose 0.6% in April from the previous month and 3.6% from a year earlier. Core prices, excluding energy and food, rose 0.7% month-on-month and 3.1% year-on-year.Manufacturers face tough outlookOn the other hand, rising prices have already made life harder for manufacturers. A variety of companies, including General Motors and Danish wind turbine maker Vestas Wind Systems A/S, are complaining about rising steel prices.Andy Palmer, a UK car executive and engineer, said: \"This is a big problem for automakers, and I've seen periods of volatile commodity prices, but it's rare for almost all raw materials to rise so fast.\"The most affected are smaller manufacturers, whose profit margins have been falling in recent months due to high raw material prices. In response to rising cost pressures, an increasing number of factories have recently raised product prices. Some others have temporarily halted operations and turned down new orders.Moreover, although the global crude oil supplier leader can ramp up supply relatively quickly (opec can take advantage of its huge untapped capacity), it is much more difficult for miners and farmers to suddenly ramp up coal, copper or cotton production. Rising prices, for example, are prompting mining companies to look at their future plans.Commodity trading giant Glencore PLC said in February that it was considering restarting production at the world's largest cobalt mine in Congo. In August 2019, Glencore chose to close the Mutanda copper mine, which also produces large amounts of copper, as prices for both metals plummeted. Supply bottlenecks caused by the pandemic have lingered in recent months, and strong demand from recovering Asian economies has pushed prices soaring. Copper prices surged to an all-time high last month, and cobalt prices are up more than 50% this year.\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f7b869860fd524e1c4d1e42b2d81d1a2","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149085708","content_text":"原油价格周二触及每桶70美元上方，此前欧佩克及其盟友（OPEC+）预测需求将上升并提高产量。全球经济持续复苏，并推高了一系列大宗商品的价格。\n具体来看，周二美油7月合约收涨2.52%，报67.99美元/桶，创2018年10月以来新高；布油8月合约收涨1.85%，报70.6美元/桶。\n欧佩克逐步放松减产规模\n石油输出国组织成员国及其盟友（OPEC+）周二同意，从下个月开始将石油日产量提高约45万桶。与此同时，沙特同意继续放松今年早些时候实施的每日100万桶的单方减产措施。\n今年4月，欧佩克同意在7月底之前将日产量增加200多万桶，使过去一年的日产量累计增加到约400万桶。在此之前，该组织同意在2020年初每天削减970万桶原油，当时冠状病毒首次开始导致经济体关闭，削弱了全球原油需求，并导致油价下跌。\n如今，随着亚洲大部分地区和中国(全球最大的石油消费国)感染率普遍得到控制，以及美国和欧洲的疫苗接种稳步推进，欧佩克和以俄罗斯为首的一些非欧佩克产油国正押注市场需求反弹。\n据欧佩克代表透露，欧佩克+组织的一个技术委员会周一预测，下半年的石油需求将增加600万桶/天。他们预测，其结果是，到7月底，全球石油库存将降至2015-2019年期间的五年平均水平以下，标志着疫情期间供大于用的局面结束。\n不过，分析师提示称，原油需求的持续复苏情况将取决于疫情发展。Energy Aspects 分析师 Amrita Sen 表示，东南亚正在实施新的疫情限制措施，这可能会将原油需求的全面恢复推迟到2022年年中。“中国的需求正在蓬勃发展，但正如我们所知，印度正在苦苦挣扎。许多其他亚洲国家正在恢复某种形式的封锁。”\n通胀预期升温\n在最近的油价里程碑事件发生的同时，锡、铜、木材等大宗商品也遭遇了类似的冲击。在需求恢复的情况下，这些商品价格也都在飙升。\n投资银行Liberum大宗商品策略主管汤姆•普莱斯(Tom Price) 在描述经济活动激增、资产增加的预期时表示：“这是一种不错的老式再通胀交易。”普莱斯说，自2009年金融危机之后的经济复苏以来，这么多种类的大宗商品已经有很长时间没有同时上涨了。\n对原油和其他大宗商品的需求反映了疫情期间全球经济活动的巨大波动。去年第二季度，由于全球经济的很大一部分处于假死状态，原油需求急剧下降，但近几个月来，随着许多富裕经济体解冻，原油需求已经反弹。\n今年以来，全球陆续推广疫苗接种并放松限制政策，全球工厂对能源和原材料的需求逐渐回升。另一方面，美元贬值也使以美元计价的大宗商品更具吸引力，美元指数6月已下行至90下方。\n随着全球经济预计将出现几十年来最快速的扩张，今年的需求将进一步上升。经济合作与发展组织(Organization for Economic Cooperation and Development)周一说，预计全球产出将增长5.8%，这将是1973年以来最强劲的增长。\n高油价导致全球通货膨胀加剧。欧元区周二发布的数据显示，5月份消费者价格指数比去年同期上涨了2%，这是自2018年底以来的最快涨幅。但上涨的主要原因是能源价格上涨，能源价格较上年同期上涨13.1%。\n美国商务部(Commerce Department)公布的通货膨胀指数显示，4月份消费者价格指数较上月上涨0.6%，较上年同期上涨3.6%。不包括能源和食品的核心价格环比上涨0.7%，同比上涨3.1%。\n制造商面临艰难前景\n另一方面，不断上涨的价格已经让制造商的日子更难过了。通用汽车公司(General Motors)和丹麦风力涡轮机制造商维斯塔斯风力系统公司(Vestas Wind Systems A/S)等各类企业都抱怨钢材价格不断上涨。\n英国汽车业高管和工程师安迪·帕尔默(Andy Palmer)表示： “这对汽车制造商来说是个大问题，我曾见过大宗商品价格波动的时期，但几乎所有原材料价格都上涨得如此之快，实属罕见。”\n受影响最大的是规模较小的制造商，由于原材料价格高企，它们最近几个月的利润率一直在下降。为了应对不断上升的成本压力，越来越多的工厂最近提高了产品价格。其他一些公司已暂时停止运营，并拒绝了新订单。\n此外，尽管全球原油供应龙头可以相对迅速地提高供给(opec可以利用其巨大的未开发产能)，但矿工和农民要突然增加煤炭、铜或棉花的产量要困难得多。例如，价格上涨正促使矿业公司审视自己的未来计划。\n大宗商品交易巨头嘉能可(Glencore PLC)今年2月表示，正考虑重启位于刚果的全球最大钴矿的生产。2019年8月，嘉能可选择关闭同样生产大量铜的穆坦达铜矿，因为这两种金属的价格都出现了暴跌。近几个月来，疫情造成的供应瓶颈挥之不去，亚洲经济体复苏带来的需求旺盛，推动价格飙升。铜价上月飙升至历史最高水平，今年钴价上涨了50%以上。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2596,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":61,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}