Is OPEC going to significantly increase crude oil prices?

But as soon as this idea came out, Biman immediately denied it.

Because as the world's largest crude oil production organization, OPEC is not a monolithic part, there are doves and hawks.

Doves such as Saudi Arabia, Kuwait, the UAE, Qatar, etc. are pro-Western diplomatically and have a moderate attitude towards oil policies. They believe that oil prices should rise slowly and remain relatively stable. The ultimate goal is to maintain the competitiveness of oil in the international market and ensure its market share.

Hawks such as Iran, Iraq, Venezuela and other countries believe that oil pricing should be more tough, advocate a significant increase in oil prices, and hope to produce at full capacity in terms of production policies.

Therefore, it is difficult to pass within OPEC to increase crude oil prices through unified pricing, and even if OPEC member states reach a compromise to increase prices, the increase will not be too large.

The increase is not big, how can these bankers make profits?

Then there is only one possibility left, that is, to reduce production capacity, but it won’t work.

Oil prices soared, and the most damaged forward interests were dovish such as Saudi Arabia, Kuwait, and the UAE, which had abundant oil reserves and high surplus production capacity, prompting them to release part of their surplus production capacity to regulate market supply and demand.

These crude oil producers have surplus production capacity of 7-8 million barrels a day, so even if one or several countries reduce their production capacity, such a huge surplus production capacity can still curb and prevent the sharp rise in international crude oil prices.

What's more, when you reduce your production capacity, others will not only not reduce it, but will increase your production capacity. In this way, you will not only make less money, but also snatch your market share from others.

Therefore, under the prisoner's dilemma, the possibility of a significant reduction in the overall international crude oil production capacity is slim.

But Biman felt that Fu Song was not a joke. Has something been ignored by him?

Biman wanted to ask what was going on, but he also knew that it would be someone else's business secrets, but he still tried it and said, "Mr. Fu, I'd like to hear it carefully."

Fu Song didn't hide it and said, "There is a border dispute between Iraq and Kuwait, do you know this?"

Biman nodded: "Of course, in April this year, the United Nations Demarcation Commission formally submitted the Iko border demarcation plan. Kuwait has announced that it will accept the new border, but Iraq refuses to accept it."

Fu Song said: "Since the beginning of this year, Iraq has significantly reduced its crude oil production capacity, but Kuwait has crazily increased its production capacity, resulting in a sharp drop in oil prices. For every dollar drop, Iraq loses 1 billion US dollars a year. After eight years of the Iraq War, Iraq owes tens of billions of dollars in foreign debt, and Kuwait alone has as much as 15 billion US dollars. Haha, even outsiders, I think Kuwait is too bullying. Do you think Saddam, a military strongman, can tolerate it?"

Biman's pupils shrank, and he lowered his voice and said, "Mr. Fu, do you mean, war?"

Fu Song smiled and said, "Mr. Biman, I didn't say anything."

Biman felt his heart beating violently. If there was a war in the Gulf area, then the oil price...,mygod!

Although he was extremely excited, Biman's face remained silent and said, "Mr. Fu, this matter is too big, I need to report to the board of directors."

Fu Song shrugged: "I understand very much, but I won't wait too long, well, I'll reply to me within a week."

Biman clinked his glasses: "No problem!"

Seeing Fu Song turn around and walk towards Andrew, Biman suddenly felt upset, and didn't know if the big men on the board would agree to bet.

Now the initiative is not in his or her hands. If the board of directors does not agree, he dares to bet that Fu Song will definitely turn into Merrill Lynch's arms.

Andrew is chatting and laughing with a group of big shots, including Guo Henian, Rong Zhijian, Ando Kiyoko, Peterfe, and Rogers.

Biman doesn't have such treatment. Although he and Andrew are both presidents, Andrew is the director and executive vice president of Merrill Lynch. Biman is only the president of Citibank Asia Pacific. Their status is not at the same level.

Seeing Fu Song coming, everyone stopped to say hello to him.

Fu Song asked with a smile: "What are you talking about? You can smell the smell of money here from a distance."

Andrew shook his head and said, "Glenn, your sense of smell has finally made a mistake. We are discussing the bad credit situation of the US banking industry, and Merrill Lynch is not spared. We are almost suffocated by bad loans."

Fu Song said: "That is why Merrill Lynch needs to find new growth points, isn't it?"

Andrew smiled but said nothing. At present, there are still major differences within the board of directors about large-scale investment in China. He came to Xiangjiang this time to fight for the front line. Some words were stopped at the same time. He would not make a statement casually until the last moment.

Fu Song smiled indifferently, all of whom were exquisite egoists who did not see the rabbit or show their eagles. He himself was no exception. He was transferred. If he sat in Andrew's seat, he would probably have made such a choice.

However, no matter how understanding is, Fu Song's impression of Merrill Lynch Bank plummeted.

Merrill Lynch is still holding an air, but the Citibank board has made up its mind. There is no doubt that Citibank is slightly better in terms of vision, courage and action.

I originally wanted to take Merrill Lynch Bank to do a small oil futures project. Since Merrill Lynch Bank is so unpretentious, Fu Song thought he should not put on a cold butt.

Of course, business is business, and personal relationships are private relationships. Even if Merrill Lynch does not buy its own face in the end, Fu Song will not take his anger on Andrew.

He has given himself enough face to be able to come as a director and executive vice president.

After talking nonsense for a while, Fu Song winked at Peter Fei and Kiyoko Ando, ​​and the three of them sued one after another, and then got together.

"Mr. Fu, what's so mysterious?" Ando Kiyogen yawned lazily. He rarely didn't bring his female companion this time, and he seemed a little listless.

"Wait." Fu Song said, waved to Xiao Zhumei.

As the hostess of the cocktail party, Xiao Zhumei must have to watch all directions, so as soon as Fu Song waved her hand, she saw it, chatted with Bao Yongqin for a few more words, and quickly turned around and came to Fu Song.

Seeing Peter Fei and Kiyoto Ando was also there, Xiao Zhumei felt a little moved. The three of them got together and they must be causing trouble again!

He has never liked to get involved in his affairs, and even KV company she only helps him temporarily. Sooner or later, she will leave. Today, the sun is coming out from the west? Why did he still call himself over?
Chapter completed!