اوپیک کے اجلاس میں تاخیر کے ساتھ ہی تیل پیر کو کھڑا کردیا گیا ، سعودی عرب اور روس کے مابین تناؤ بھڑک اٹھا

فنانس نیوز

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia’s Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria December 6, 2019.

لیون ہارڈ فوگر | روئٹرز

The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said.

پیر کو یہ اجلاس صدر ڈونلڈ ٹرمپ کے جمعرات کے روز سی این بی سی سے بات کرنے کے بعد طے کیا گیا تھا کہ وہ توقع کرتے ہیں کہ روسی صدر ولادیمیر پوتن اور سعودی ولی عہد شہزادہ محمد بن سلمان 15 ملین بیرل تک پیداوار میں کمی کے معاہدے کا اعلان کریں گے ، اور انہوں نے دونوں ممالک سے بات چیت کی ہے۔ 'رہنماؤں.

The delay is likely to hit oil prices next week following a record-setting comeback week for crude. U.S. oil surged 25% on Thursday for its best day on record, and gained another 12% on Friday. It finished the week with a 32% surge, breaking a 5-week losing streak and posting its best weekly performance ever, back to when the contract began trading in 1983.

“It’s probably going to crater,” Again Capital’s John Kilduff said. “There was a lot of optimism priced into oil Thursday and Friday. With this new Saudi, Russia spat, it doesn’t look like it’s going to come together.”

US oil prices are still down 40% in the last month on the heels of demand destruction from the coronavirus outbreak, and the price war between Saudi Arabia and Russia.

Friday’s jump was fueled by a Reuters report that OPEC+ was contemplating a production cut equivalent to about 10% of world supply and that Putin said it appeared a 10 million barrel a day agreement was possible.

Both Saudi Arabia and Russia have sought U.S. cooperation in balancing the world oil supply. American drillers are still pumping near record levels as the world is coming to the edge of its ability to store oil.

امریکی تیل کے عہدیداروں نے جمعہ کے روز وائٹ ہاؤس میں صدر سے ملاقات کی اور قیاس آرائیاں کی جارہی ہیں کہ وہ ان سے کٹوتیوں میں تعاون کرنے کو کہیں گے۔ اس میٹنگ سے کوئی معاہدہ نہیں ہوا ، لیکن ایسا لگتا تھا کہ ٹرمپ اس صنعت کے نظریے کی عکاسی کرتے ہیں کہ مارکیٹ افواج کو قیمتوں کا تعین کرنا چاہئے۔ 

“These are great companies and they’ll figure it out,” he said at a White House briefing following his meeting with the energy CEOs. “It’s a free market, they’ll figure it out.”

At its March meeting, OPEC proposed cutting production by 1.5 million barrels per day in an effort to combat the demand slowdown, but OPEC-ally Russia rejected the additional cuts. The meeting ended with no agreement, and in retaliation Saudi Arabia slashed its oil prices in an effort to gain market share, and subsequently increased its production to a record high of more than 12 million barrels per day.

Tensions between Saudi Arabia and Russia have escalated since. In comments Friday, Putin blamed the collapse in oil prices on Saudi Arabia pulling out of the more than 3-year-old OPEC plus deal, along with its increase in production and agreements for discounts, all of which exacerbated the blow from the coronavirus.

Saudi Arabia lashed back. In a statement Saturday, Saudi Foreign Minister Prince Faisal bin Farhan reportedly said Putin’s comments were “devoid of truth.”

Saudi Arabia energy minister Prince Abdulaziz bin Salman also issued a statement Saturday saying comments from Russia’s energy minister Alexander Novak “were categorically false and contrary to fact.” The statement said the Saudi minister “expressed his surprise at the attempts to bring Saudi Arabia into hostilities against the shale oil industry.” The minister noted that Saudi Arabia was a major investor in the U.S. oil sector.

“Now we have two issues,” said Helima Croft, head of global commodities research at RBC. “After President Trump’s statement it seems rather unlikely any production commitment is forthcoming. And it looks like we might have a new diplomatic rift between Russia and the Saudis…The Saudi minister is pushing back furiously on the Russian minister’s assertion that the Saudis are targeting shale.”

امریکی تیل کی صنعت اس پر منقسم ہے کہ آیا قیمتوں کو مستحکم کرنے کی کوشش میں پیداوار میں کمی میں حصہ لے سکتی ہے یا نہیں۔

امریکی پٹرولیم انڈسٹری نے کٹوتیوں کی مخالفت کرتے ہوئے کہا ہے کہ اس طرح کے اقدام سے امریکی صنعت کو نقصان پہنچے گا۔ تاہم ، ٹیکساس میں ، ٹیکساس ریل روڈ کمیشن کے تین ممبروں میں سے ایک ، ریان سیٹن نے کہا ہے کہ ریاست اس طرح کے معاہدے میں حصہ لینے پر غور کرے گی۔

OPEC has invited the Texas commission to participate in its June meeting, and Sitton said on Thursday that he spoke to Russian energy minister Alexander Novak about production cuts last week.

Oil producing states, like Texas, had the authority to manage production, though the federal government cannot manage production and a consortium of companies cooperating would be seen as an anti-trust violation. The Texas commission last restricted output in 1970. It has set a meeting set for April 14.

رکنیت CNBC پی ار او خصوصی بصیرت اور تجزیہ ، اور دنیا بھر سے براہ راست بزنس ڈے پروگرامنگ کیلئے۔