Nigeria’s “Attack on Mars” reported on December 12 that Nigeria and Libya have shown signs of continuing to increase their output by 2018, less than two weeks after the Organization of the Petroleum Exporting Countries (OPEC) decided to extend its oil production cuts. Last Friday, Nepalese oil company Total said that the new oil field in the Egina region, which is located offshore of the country, will start operations in the fourth quarter of 2018 and is expected to produce 200,000 b / d, equivalent to 10% of the country’s current output. Nepalese oil ministry did not comment on whether Total’s new fields will lead to restrictions on production elsewhere. Last Saturday, the Libyan head of government met with the head of the country’s national oil company and the governor of the central bank and discussed how the company will get more financial support next year to boost output.

Some market analysts believe Neri and Libya have agreed to maintain production peaks for 2017 in support of the OPEC cut agreement. However, people familiar with the matter said that on the contrary, the two countries only made the commitment that the total oil output of the two countries will not exceed 2.8 million barrels / day in 2018. This is only the normal figure predicted by both sides in 2017.

In a statement issued on the very day of the conclusion of the OPEC meeting, Nepalese oil minister of state Nicholas Cutchcu said Nigeria and Libya are free from cuts. The condensate produced in the country is an ultra-light crude that is not subject to the obligation of relief and therefore leaves room for calculation of the relevant production. Catchch also told the local media that Nigeria “has no obligation” to take any action. It is estimated that the average oil output of Nellie and China will reach 1.7 million barrels / day and 900,000 barrels / day respectively this year, with 340,000 barrels / day floating above and below each.

I. price trend
In September 25th, domestic liquefied natural gas prices rose sharply. Business community monitoring data show that the liquefied natural gas average price of 3189.23 yuan / ton, up 4.54% in a single day.

Two, influencing factors analysis
First of all, economic growth is one of the major factors affecting the supply and demand situation of LNG, and the situation of supply and demand continues. Secondly, the environmental pressure, coal gas to stimulate natural gas demand rapid growth, the government, enterprises and society to use clean energy to reach a consensus and to gradually implement all aspects of life and production, environmental protection inspectors continue to intensify efforts, promote the natural gas demand growth.

In addition, with the increasing demand for natural gas, the emergence of the phenomenon of local supply shortage, natural gas field “winter protection for” battle has begun, the upstream companies are trying to increase the output of natural gas, natural gas imports increase, accelerate the repair and storage of gas injection production facilities, preparing for the arrival of the peak, to meet the natural gas supply demand.
Three, the market outlook
Natural gas analyst at the business community believes that due to environmental pressures, “coal to gas” and “winter insurance for” the implementation of the market demand has increased, and natural gas prices will continue to uplink.

NEW YORK, Sept. 25 (Reuters) – COMEX gold futures climbed on Monday, after North Korea’s foreign ministry, said US President Trump’s recent remarks were equivalent to war on the DPRK.

New York December gold futures ended higher after the announcement, New York time on September 25 13:30 (Beijing time on September 26 01:30), COMEX December gold futures closed up $ 14.0 or 1.1%, the settlement price $ 1,311.50 an ounce.

Last week, gold recorded the worst weekly performance since early July and has been declining for several weeks after reaching more than a year earlier this month.

North Korea’s foreign minister, Li Yonghao, said US President Trump’s remarks were clearly a declaration of war against North Korea, and that country retained its power to shoot down US strategic bombers in its airspace.

White House spokesman Sanders said North Korea’s remarks were “ridiculous” and the United States did not declare war on North Korea.

Monday’s remarks sparked a hedge demand for gold and other assets, and gold was favored when geopolitical lack of stability.

“The gold market will remain limited due to the impact of the North Korean situation,” said Jim Wyckoff, senior analyst at Kitco Metals.

Li Yonghao made a speech before the gold slightly, after investors did not care about the weekend issued a warning.

In the German election on the weekend, Prime Minister Merkel won the re-election, but the right-wing political party support rate soared. Meckel led the Conservative Party’s support rate unexpectedly dropped to the lowest since 1949, the disintegration of the coalition government in the Social Democratic Party said it would switch to the opposition camp.

Many analysts have said that the future geopolitical conflict will provide support for gold prices. The recent contradiction between the United States and Iran has also been warming.

This week investors will focus on a series of speeches issued by officials of the Fed, hoping to find clues about the future monetary policy of the central bank.

Gold prices fell last week, as the Federal Reserve monetary policy meeting said December interest rate is still one of the options, and to maintain next year’s interest rate path is expected to remain unchanged.

At the end of the Federal Reserve’s latest monetary policy meeting, the dollar rose, and gold for dollar-denominated gold would be more expensive for buyers holding other currencies.

“Said the Federal Reserve last week that it was the most hawkist that I had heard over a period of time,” said Bob Haberkorn, senior market strategist at RJO Futures.

In other precious metals markets, the December silver contract closed up 16.3 cents at $ 17.147 an ounce.

October platinum futures closed up $ 8.1, settled at $ 940.2 an ounce.

December palladium futures closed down $ 10.15 at $ 909.70 an ounce.