Global oil trade is undergoing tremendous changes:
First, members of OPEC (Organization of Petroleum Exporting Countries) have changed.
A new member joins.Hyderabad Stocks
Brazil received an invitation from OPEC. On November 30, 2023, Brazil's Minister of Energy Alexander Silvila announced that Brazil will join the organization since 2024 and become the 24th member of OPEC+.
An old member withdrew.
Angola announced the withdrawal from OPEC due to disputes in the output quota. This decision has attracted widespread attention in the global oil market.
Second, the oil trade is moving from the "seller market" to the "buyer's market."
On the one hand, the world's oil supply is stable.
In recent years, non -OPEC oil -producing countries such as the United States, Brazil, and Canada have continued to increase, and emerging oil production and exporters such as Guyana have emerged. The supply of oil in the world has continued to increase, and the supply of international oil markets is abundant and excessive.
The other side is the world's demand for the world with limited growth in 2024.
The "Short -term Energy Outlook" pointed out that the total world oil demand in 2024 is expected to be 1024.6 billion barrels per day, an increase of 1.39 million barrels per day from 2023, which is greatly increased by 1.85 million barrels per day in 2023.
The increasingly unbalanced supply and demand of the international oil market, the geopolitical games of the superimposed oil production countries and the consumer country, what changes will occur in the global crude oil trade pattern under the reshuffle?Lucknow Wealth Management
At the same time, energy diversification has become a general trend, and emerging forces have gradually risen, and old oil giants will not be willing to fall next to power. In the context of the game of new and old forces, what features will the international oil market show in the future?
As a country with a long -term energy demand side, India will respond to new changes in the oil market in the next few years?Ahmedabad Stock
The internal report of the Fuka think tank "The Stream of Petroleum Trade Flowing and Reconstruction and Law Location" pointed out:
Petroleum trade has continuously moved from the "seller market" to the "buyer market", and the global crude oil trade pattern under the reshuffle has changed.In the future, the international oil market will still be strange, the United States is the largest stirring, and India has become increasingly a stabilizer.
As a country with long -term energy demand, India needs to improve the energy system construction from a long -term strategic perspective.
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