According to relevant media reports in the Middle East, since this year, Saudi Arabia, a major oil country in the Middle East, has begun to make significant adjustments to the price of exported crude oil. In particular, the price of crude oil exported to the Asian market has been increased by US$1.7. This is very important to Asian countries. Undoubtedly not good news.
However, just as Saudi Arabia was regulating oil prices without authorization, Russia, another major crude oil exporter in the world, took the opportunity to enter the Asian market and launched a new round of price war with Saudi Arabia.
According to relevant data, when the price of crude oil exported by Saudi Arabia increased, the amount of crude oil imported by China from Saudi Arabia plummeted by about 30%. On the other hand, Saudi Arabia did not indicate at all that the price remained at the same level. Rise slowly.
It is understood that the reason why Saudi Aramco will increase the price of crude oil in the Asian market this time is mainly because the chaos in the Middle East has caused certain problems in the Saudi economy. If in a short time If Saudi Arabia cannot control the situation, the follow-up will have a huge economic impact on the Saudi government.
In addition, after the assassination of Iranian nuclear physicist Mohsen Fakhrizadeh, Iran directly identified the murderer as the United States and Israel, and the madness began Crude oil price increase pattern, so the current oil price increase in the Middle East at least exceeds the total in the past 20 years.
As a result, the price of crude oil exported by Saudi Arabia has once again soared to the level of the Saudi-Russian oil price war.
It is reported that Saudi Arabia is currently only targeting Asian crude oil prices to increase prices. In fact, it is also purposeful, because there are two major crude oil consuming countries in Asia. The crude oil consumed every day The quantity can be described as an astronomical figure. Coupled with some small surrounding countries, once the price of crude oil exported by Saudi Arabia rises, Saudi Arabia will make a lot of money from exporting crude oil. By then, Saudi Arabia’s economic losses in the Middle East will be greater than those of other Asian countries. To make up for it.
However, due to Russia’s strong intervention in Saudi Arabia’s new round of oil price war at this stage, Saudi Arabia has raised prices while Russia has lowered prices. Therefore, the oil exported by Saudi Arabia next year is likely to be at a competitive disadvantage, thus The final result of losing to Russia is that the crude oil exported by Russia will in turn occupy the Asian market.
However, in the context of the improvement of the global economy, China, as the world’s second largest economy, has actually always had the largest demand for oil. The domestically produced oil cannot meet the consumption demand, and relevant data shows that China imported 83.322 million tons of Saudi crude oil in 2019, a significant increase of 61% year-on-year. This is why Saudi Arabia hopes to purchase crude oil from Asia, which has the strongest demand. By raising prices, Saudi Arabia can not only test the attitude of major Asian countries in accepting oil prices, but also protect its own interests. Therefore, this strategy of Saudi Arabia can be said to kill two birds with one stone. But in the final analysis, the greater China’s oil purchases, the more profitable Saudi Arabia will be in crude oil exports.
To sum up, although the Saudi government has significantly increased the price of crude oil, this price increase will not last too long. After all, blindly rising crude oil prices will only cause There is strong dissatisfaction among Asian countries. If Asian countries cannot buy cheap crude oil, they will eventually move closer to Russia. At that time, the Saudi government will lose more than it gains. After all, the price increase of Saudi crude oil is only a test. If it brings consequences to itself, If trouble comes, Saudi Arabia will undoubtedly be in dire straits, so it is only a matter of time before Saudi crude oil prices drop. </p
