Iran upgraded oil embargo pushed the high international oil prices

Update Time：2012-6-4    From: Internet

The international crude oil prices and the world tanker transport market are closely related. Oil prices rise and fall in the influence of international oil freight demand, so that the price volatility.

At the beginning of1, crude oil futures prices by the Iran and Western countries tension effect, prices higher. The United States and the European Union to make a series of action on the international crude oil market prices and other aspects caused no small impact.

At present, although the European Union has declared an embargo on Iran oil. However, the implementation of the embargo program to promote opportunity problem is first placed on the desktop. In mid January, the message says the European Union on Iran oil embargo plan will be pushed back 6months, so that the EU countries find another suitable oil supplier. It is reported, the EU delayed the oil embargo plan was announced after the United States, crude oil futures plunged to $3in 30 minutes, Brent crude oil fell nearly $2.

In the face of Western oil sanctions policy, the state oil company of Iran for international affairs manager said, Iran will be easy for their oil find new customers, and there are many ways to deal with the big western oil sanctions. At the same time, the responsible person said Iran's national oil company, is the main export market for European companies in Asia, has been developed to replace the market necessary plan. Chief predicted due to the international market on the Iran market a higher demand, Iran this year the petroleum export volume will be maintained at last year's level. Iran's deputy oil minister predicted, if Iran was attacked by the EU embargo, international oil prices will be in 120 ~150dollars between fluctuation.

International authoritative institutions have prediction of western countries and Iran petroleum game results. OPEC secretary-general Badri said, even if the market of crude oil supply under normal circumstances, the European Union on Iran oil embargo plan will still give the international oil price brings about significant upside risk.

International investment bank Goldman Sachs thinks, Iran and Western countries tensions do not affect the price of oil is too large, the European Union imposed an embargo on Iran oil details, new supply relationship will be established. Goldman Sachs expects the European refiners will introduce Saudi oil instead of Iran crude oil, and crude oil will be China Iran extra absorption, part of which is used to supplement the national strategic reserve. Goldman Sachs believes that this act if implemented, European and Chinese practice of the impact on the market will offset each other.

Morgan Stanley, for Brent oil, either due to supply and concerns the prices may be the opportunity to sell. Morgan Stanley said the United States strategic crude oil reserve will be strong for crude oil caused by shortage of make up, so the crude oil supply shortage could be short rather than long process. The authority given a variety of views although are based on real situation of the professional analysis, but can also predict outcome. Finally, the trend of international oil price, how will the international tanker transport market will be how to change or to focus on the future development.