Iran puts it

The price of oil rose

Recently, in the reports of major media in the world, Iran’s first Vice President Rahimi has taken the lead. He said: "If Iranian oil exports are banned, then we will not allow a drop of oil to flow out of the Strait of Hormuz." The background of this remark is that Europe and the United States and other countries are preparing to implement a new round of sanctions against Iran. Iran’s emphases are the importance of Iran itself and the Strait of Hormuz.

As the second largest oil producer in OPEC, Iran is one of the world’s largest oil exporters. According to BP's statistics, Iran's crude oil production in 2011 accounted for about 5% of the world's total. Iranian crude oil output is 3.5 million barrels per day and exports about 2.5 million barrels, of which nearly a third is exported to Europe. The Hormuz strait is the shipping route connecting the Persian Gulf and the Gulf of Oman to the south of Iran. Nearly 40% of the world’s oil and a considerable amount of natural gas are sent to all parts of the world, which has a strategic impact on global oil supply. According to the statistics of the U.S. Department of Energy, the amount of oil transported through the Strait of Hormuz each day is about 15.5 million barrels, accounting for 1/6 of the global consumer category.

It is not difficult to understand that when Iran’s rumors came out, oil prices rose. However, if you don’t know what to say. We all know that if things really go that way, no one will be a winner. High oil prices will drag down the already fragile global economy, Iran will lose oil revenue, and the United States will have no profit to make. According to industry insiders, once the EU imposes an oil embargo on Iran, oil producers such as Saudi Arabia and OPEC are ready to replace Iran’s oil supply to Europe.

Natural disasters and man-made disasters

Oil price "roller coaster"

2011 was a very uncomfortable year. In the context of continuous natural and man-made disasters, international oil price fluctuations have not been eliminated.

Since the hawkers ignited the anger of the people, the turmoil in West Asia and North Africa has pushed international oil prices to go all the way. In early March, Libya’s warfare finally brought oil prices above the $100 mark per barrel. Since then, Japan's March 11 earthquake tsunami evolved into a nuclear crisis, leading many countries to announce plans to adjust and build nuclear power plants. International oil prices continued to rise in fear and finally rose to the peak of 115.22 US dollars per barrel on May 2.

After that, the international oil price once slumped. At the end of June, the International Energy Agency (IEA) announced that it would release 60 million barrels of strategic reserves and oil prices would return to the one hundred yuan mark. Afterwards, the slow recovery of the US economy, the frequency of the European debt crisis, and the end of the Libyan war brought oil prices to the low of $75 a barrel on October 4.

However, the "roller coaster" did not reach this end. The European Central Bank has provided 489 billion euros to the Eurozone banks. The United States has announced a series of better-than-expected economic data and the tensions in Iran, Syria and Iraq have once again pushed oil prices up to a hundred dollars.

Variables are still

Continue to play "heartbeat"

Recently, the International Energy Agency's Energy Outlook report pointed out that based on the global economic slowdown and continued high oil prices, the global oil demand growth forecast for 2012 will be lowered to 90.3 million barrels per day. OPEC also pointed out in its latest monthly global development prospect report that global oil demand growth is expected to slow down in 2012. OPEC and the International Energy Agency said that with the slowdown in oil demand growth, the steady oil production level from OPEC will help maintain the oil market balance next year.

However, the analysis believes that 2012 will still be a year when international oil prices fluctuate drastically, and Iran is most likely to be the most variable. However, the industry generally believes that oil prices will remain high in 2012 and will not drop substantially due to the steady growth of emerging market economies and geopolitical support. In a recent Reuters poll, only two of the 35 analysts expected Brent crude to fall below $90 a barrel next year, and the forecasted average is close to the current $106 per barrel.

The rigid demand for oil, a non-renewable resource, is a problem that all countries in the world must face squarely. Using new technologies, developing new sources, and finding alternative energy sources... All countries are trying their best to achieve energy independence. However, it seems that in 2012, oil will still make the world "heartbeat."