· Goldman Sachs: International crude oil inventories will run out of oil prices or break $20
Huitong.com, February 9th - Goldman Sachs predicts that oil prices may fall below $20 a barrel. Investors search for oil prices that balance supply and demand, making prices more volatile. Jeff Currie, head of commodities research at Goldman Sachs, said that some places have crude storage facilities. Prices may need to be reduced to a level sufficient to stop crude oil production because the oil produced is not ready to be loaded. Currie said in a television interview that once the storage limit is exceeded, the price will have to fall below the cash cost, because the crude oil producer must stop production immediately and the volatility will rise sharply. He does not feel that the oil price has fallen to more than a dozen dollars per barrel. Very surprised. West Texas Intermediate oil was close to $30 a barrel on Tuesday and fell to a 12-year low of $26 a barrel on January 20. The global oversupply problem continues to intensify as OPEC production rises and US shale oil production does not decrease. Currie said that with the gradual expansion of the rebalancing process, oil prices may fluctuate between $20 and $40 per barrel in the next 6-9 months. According to data from the US Energy Information Administration, in the week ending January 15, Cushing's inventory reached 64.2 million barrels. Currie also said that although oil price volatility is expected to increase, its plunging trend seems unlikely to derail the global economy. Currie said that unlike the previous cycle, there are many risk aversion arrangements in place in the market. He said that from the flexible exchange rate of Russia to the good liquidity of the US high-yield bond market, these systems are designed to make the financial system More secure.
Appearance: the appearance is white, orange or black smooth surface
Flexible composite high pressure conveying pipe (flexible composite pipe for short) is a kind of Standard Api Rtp,Reinforced Thermoplastic Flexible Pipe,High Pressure Rtp Pipe,Standard 3Pe Alloy Steel Pipe Shaanxi Yanchang Petroleum Northwest Rubber Flexible Pipe Co., Ltd. , https://www.cnrtp.com
non-metallic pipe with multi-layer structure, which is generally composed of inner lining layer,
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coiled into hundreds of meters to several kilometers to realize continuous laying. Flexible composite
pipe is also called coiled reinforced plastic pipeline pipe and reinforced composite plastic pipe (RTP)
in foreign countries.
Flexible composite pipe can be divided into land flexible composite pipe and downhole flexible
composite pipe according to the laying mode; It can be divided into flexible composite pipes for oil and
gas fields and flexible composite pipes for coal mines. According to the structure, it can be divided
into adhesive flexible composite pipe and non adhesive flexible composite pipe.