(OPEC) and OPEC non OPEC countries cut agreement to the crude market point of a fire. Yesterday, the international oil prices jumped 5%, driven by the commodity market to do more popularity, cost benefit gainers promoting chemicals. Insiders said that the short-term crude oil is expected to continue strong, but the chemical industry chain prices could continue to downstream transmission remains to be seen.
| Sulfamic acid |
Last week, OPEC agreed from January 1st next year to cut oil production of 1 million 200 thousand barrels / day, the number one exporter Saudi Arabia will cut 486 thousand barrels / day. On Saturday, the non OPEC producers agreed to cut 558 thousand barrels per day, less than 600 thousand barrels per day initially forecast, but it is not the maximum production rate of OPEC producers in history. Affected by this news, Monday day trading session in Asia, international oil prices will go high opened, U.S. crude oil futures prices approaching $55 mark.
| sulphamic acid |
In the past two weeks, OPEC and non OPEC respectively output to reach an agreement, agreed to cut 1 million 200 thousand barrels / day and 558 thousand barrels a day of production; in the current price level, cuts the probability of a large, but as long as the price cuts will only determine the callback. In this case, the crude oil rally established, other negative factors are still difficult to play a role, the United States crude oil production increased, the number of drilling is also accelerated rise, but the increment of the absolute value of pressure on smaller price. From the demand side, the more favorable the cold this winter, heating oil demand.
| Thiourea |