The latest news of international oil prices: overnight related data summary

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Starting at 0:00 local time on July 5, key employees of several Equinor oil and gas fields will go on strike. According to Statoil, roughly 13% of natural gas production capacity on Norway’s continental shelf, equivalent to 292,000 barrels of oil equivalent per day, will be shut down if no agreement (including wage subsidies) is reached before the strike escalates. The strike also caused a loss of 130,000 barrels per day of oil production.

OPEC member Libya said oil production fell by 865,000 barrels per day.

Stephen Brennock of oil broker PVM said: “The backdrop of heightened supply disruptions, which conflict with a potential shortage of spare capacity in Middle Eastern producers, will force prices higher if no new production enters the market in the near term. ” He was referring to the limited capacity of oil-producing countries to increase production.

During the day, the focus was on the revised monthly rate of U.S. durable goods orders in May, and OPEC Secretary-General Barkindo delivered a speech at the Nigerian Oil and Gas Conference.

crude oil related data summary:

1. Data shows that on July 5 (Tuesday), wti crude oil opened at $108.80/barrel, with real-time buy/sell prices at $111.00/111.03/barrel; brent crude opened at $113.54/barrel, with real-time buy/sell prices Price 114.36/114.38 us dollars / barrel.
2. The last trading day coincided with a holiday in the United States, and the price of gold fluctuated slightly, which was generally suppressed by the strong dollar. However, the current market worries about economic recession continue to rise, the geopolitical situation is still worrying, and high inflation expectations still provide support for gold prices. Currently, the U.S. unemployment rate is widely expected to rise, which is expected to provide a rebound opportunity for gold prices.
3. On July 4 (Monday), the us dollar index closed up 0.06% at 105.19 points, not far from the 20-year high of 105.790 points last month. Looking ahead to the rest of the week, investors are awaiting the release of the minutes of the fed’s June meeting on July 7, Beijing time, and U.S. jobs data for June at 20:30 Beijing time on July 8.