Putin, a global downturn in Putin, ＂takes advantage of the beauty and illness＂

Ming Pao News Agency

The epidemic cracks down on the global economy. Now it is necessary to usher in an oil war. The oil -producing country cut the throat and reduce prices to snatch the market. International oil prices once violently diarrhea yesterday and scattered the global stock market.This time, the oil warrior fire line was that Russia refused to reduce production, and Saudi Arabia reduced production and increased production. However, Russian President Putin shot this time, which is more like Xiangzhuang dance sword. Jianfeng pointed to the US shale oil industry.The U.S. epidemic has deteriorated, the White House is available, and Russia suddenly showed its petroleum cards to claim to be sick and settle accounts with the United States.The global epidemic spreads, and the international community should work together to avoid immunity to avoid neighbors, but the reality is that the epidemic triggers more intrigue.The surface of oil prices seems to be used on the surface, but the chain response may trigger an unexpected political crisis. The impact of this oil war on the world economy may not be under the impact of the Sino -US trade war or epidemic.

Refusing Saudi Arabia's Suggestions

Putin Dance Sword is in Peigong

The European and American epidemic spread, the global economic situation has turned sharply, and the demand for international crude oil has been greatly reduced. From the beginning of this month, international oil prices have fallen by 30 % this year.In order to block the price of oil prices, the Organization of Organization (Oil Group), led by Saudi Arabia, negotiated with Russia and other negotiations to reduce production, but the negotiations finally broke down.Russia refused to reduce production, Saudi Arabia was unwilling to show weakness, selling oil to 20 % off in many countries, and detonating oil prices.Yesterday, international oil prices fell by 30 %, seeing the level of 30 US dollars per barrel, and the decline was the largest since the Persian Gulf War in 1991.Oil prices have caused the global stock market to plug. The Hong Kong HSI fell more than 4%. U.S. stocks were rare to suspend transactions due to a 7%rush.

Georkeva, president of the International Monetary Fund (IMF), proposed the anti -epidemic trilogy. The local government's anti -epidemic excelment should be to protect the health of the people and slow the spread of the epidemic.The influential industries and families are finally starting with monetary policy.The White House regards monetary policy as an important tool for anti -epidemic.The United States may usher in a negative interest rate, and the President of the Boston Federal Reserve Bank Rosensn proposed that the Federal Reserve may consider adjusting the use of debt buying and incorporating other types of assets into it, which has caused the discussion of the US Bank of Japan to buy stocks.

The U.S. epidemic has deteriorated, and the performance of the White House resistance has caused a lot of criticism. The same effect is not the same. The 10 -year national debt in the United States once fell at 0.3%yesterday. In addition to reflecting the market risk -free mood, it also reflects the bond market.The United States and the global economy are facing decline. The sudden battle of oil market share is even worse.This time, the oil and clouds are the dispute between Russia and Saudi Arabia, but Pujing Jianfeng points to the United States.US President Trump said that the plunge in oil prices is good news for consumers and users, but this time the oil war's blow to the US shale oil industry can be quite fatal, and even the economic chain effect that is unexpected.

The breakthrough of shale oil mining technology in the 21st century has made the United States jump into the world's major oil -producing countries, another important oil -producing force outside the Saudi oil group and Russia.In early 2014, the United States supported Ukraine to change, Russia annexed Crimea counterattack, and Western economic sanctions Russia. The oil price war that broke out later in the same year was in the geographical political background.Saudi Arabia lowered oil prices, cracking down on the Russian economy, and helped the West; at the same time, due to the high cost of production in the US shale oil, low oil prices also helped Saudi Arabia fight against the US oil industry rival.Time has changed, this time Russia refused to reduce production and provoke international oil price war this time, but it was prepared, and it was quite good for your life.

The global epidemic is raging, the demand for crude oil has been greatly reduced, and the output of large oil -producing countries will not decrease. It will only exacerbate excessive demands and oil prices, but it will not help stimulate economic activities and production.Just like the trade war, the winner of the oil reduction war is not necessarily the strongest party, but who can tolerate who is most painful.On the cost of oil production, Saudi Arabia is much lower than that of the United States and Russia, but in terms of economic and fiscal revenue, Saudi Arabia is much higher than the United States and Russia.The Saudi government has to balance the revenue and expenditure, the price of oil is as high as 83 US dollars per barrel, and the Russian government is $ 42, and the US oil producer must also have a level of $ 40 in order to avoid erosive business.Oil prices are less than $ 30 in the long run, and all oil production parties are losers, but there is strong government support behind Saudi Russia's oil industry. In contrastDuring the pressure of production.

The mining of shale oil and gas requires huge investment in. The US shale oil companies raise a large number of debt. Many of them are garbage bonds. In the past, some institutional investors who were chasing high -risk high -risk high -risk and high returns were favored by institutional investors.In case the oil reduction of the price is like a long -lasting trade war, American shale oil companies will face huge financing pressure, and even have a debt default crisis. At present, there is no change in the US credit market.The storm is often suddenly coming. The impact of the oil reduction of the oil price this time must pay close attention to the global economy.

Oil price warfare once ruled the Soviet Union

Russian Revenge

The epidemic is raging. It was the time when the international community co -worked together, but the political reality was often another matter. Instead, the epidemic became the opportunity to revenge and snow.The United States and Europe support Ukraine to curb Russia, and US -Russian relations have continued to be tense. Earlier, Washington suppressed the cooperation between Russian oil company Rosneft and Venezuela, and used sanctions to prevent Russia from cooperating with Russia and Germany.EssenceIn recent years, the Russian and oil group agreements have limited production to support oil prices. U.S. oil companies have not participated in it. Moscow has long been dissatisfied with the United States to enjoy its success.

In the early 1980s, the global economy was not viewed, and the trend of international oil prices went down. In 1986, Saudi Arabia increased its production, and pressed the international oil price to the level of $ 10 per barrel (equivalent to about $ 30 today).It is regarded as a pusher of the Soviet economic collapse.In this history, Putin must be very detailed.This time, the oil war broke out in Russia, and the situation was unexpected. What the United States wanted to see the most was, of course, the Russian Saudi Arabia reached an agreement as soon as possible to end the price reduction.