Chairman Akihiko Tenbo of Petroleum Association of Japan that was the industry segments group of the oil wholesale (president of Idemitsu Kosan Co., Ltd.) expressed concern to "100 dollars might be exceeded by summer if going as it is" and the crude oil amount about the futures price of the crude oil from the United States WTI that became an international indicator on the 18th. The influx of speculative funds pushes up the cost though the demand for crude oil drops worldwide.
After having applied the highest value 147.27 dollars last July, the futures price of the WTI crude oil is a downfall in rapidity.
It lowered to 30 dollar level in December of the same year. However, it rises gradually after February this year, and 70 dollars have been being exceeded by the closing price since June 9.
The chairman of Tenbo｢Even if OPEC (Organization of Petroleum Exporting Countries) decreases output, the inventory in the consumption country is in. The oil price goes up by the average. ｣It says. Originally, if the inventory swells, the price falls. Still, Iu in case of it is because the capital flows the oil price's going up in the overhang in the increasing public spending and the low interest rate of the each country government and the capital flows into the crude oil trade.
Actually, the demand for crude oil remains dropping. The crude oil demand forecasting in the world of 09 years that International Energy Agency put out on the 11th is the daily yield 83.3 million barrels and the proportion 2.9% previous year decreases.
The sale quantity of gasoline has decreased domestically by the proportion about 2% of the previous year on the average every month. The this moon proportion 16.4% previous year decrease in April continue to the sale quantity of light oil that is the fuel such as tracks a drastic dropping.
Operating ratio of a domestic oil refinery remains by the demand decrease in 7-80 percent. Idemitsu Kosan Co., Ltd. is discussing lagging the operation of the Hokkaido oil refinery (Tomakomaishi) that entered periodic maintenance in the beginning of June after it repairs of the end of July by about one week.
- Transition of WTI oil price
http://www.asahi.com/business/update/0619/images/TKY200906180453.jpg
- Source
http://www.asahi.com/business/update/0619/TKY200906180452.html
Japan is good country!
http://japan-power.net/
PLEASE come here!
After having applied the highest value 147.27 dollars last July, the futures price of the WTI crude oil is a downfall in rapidity.
It lowered to 30 dollar level in December of the same year. However, it rises gradually after February this year, and 70 dollars have been being exceeded by the closing price since June 9.
The chairman of Tenbo｢Even if OPEC (Organization of Petroleum Exporting Countries) decreases output, the inventory in the consumption country is in. The oil price goes up by the average. ｣It says. Originally, if the inventory swells, the price falls. Still, Iu in case of it is because the capital flows the oil price's going up in the overhang in the increasing public spending and the low interest rate of the each country government and the capital flows into the crude oil trade.
Actually, the demand for crude oil remains dropping. The crude oil demand forecasting in the world of 09 years that International Energy Agency put out on the 11th is the daily yield 83.3 million barrels and the proportion 2.9% previous year decreases.
The sale quantity of gasoline has decreased domestically by the proportion about 2% of the previous year on the average every month. The this moon proportion 16.4% previous year decrease in April continue to the sale quantity of light oil that is the fuel such as tracks a drastic dropping.
Operating ratio of a domestic oil refinery remains by the demand decrease in 7-80 percent. Idemitsu Kosan Co., Ltd. is discussing lagging the operation of the Hokkaido oil refinery (Tomakomaishi) that entered periodic maintenance in the beginning of June after it repairs of the end of July by about one week.
- Transition of WTI oil price
http://www.asahi.com/business/update/0619/images/TKY200906180453.jpg
- Source
http://www.asahi.com/business/update/0619/TKY200906180452.html
Japan is good country!
http://japan-power.net/
PLEASE come here!
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