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International oil prices

International oil prices


10/27 closing: The market is concerned that the conflict in Gaza may spread to more places, disrupting crude oil supply. International crude oil futures closed higher, with WTI up 2.33 from 85.54; Brent 90.48 up 2.55


1.   Goldman Sachs maintains its forecast for Brent crude oil prices in the first quarter of 2024 at $95 per barrel: Goldman Sachs maintains its forecast for Brent crude oil prices in the first quarter of 2024 at $95 per barrel, and TTF natural gas prices at 46 euros per megawatt hour; It is expected that in the event of severe supply shortages, TTF natural gas prices may sharply rise to 120-200 euros per megawatt hour.


2.   The construction of the "Eastern Alliance" natural gas pipeline by Russian Deputy Prime Minister Abramchenko is expected to begin in the first half of 2024. Recently, Russian Deputy Prime Minister Abramchenko told the media that it is expected that in 2024, the first Li Du will approve the design documents for the "Eastern Alliance" natural gas pipeline project from Russia to China via Mongolia, and the construction work may start in the first half of 2024.


3. Kazakhstan plans to export 2 million tons of oil to Germany annually: According to the Kazakh Ministry of Energy on the 27th, Kazakhstan plans to export 2 million tons of oil to Germany annually. At present, Kazakhstan is negotiating with Russia on the issue of oil transportation to Germany through its borders.


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